Samantha invested $880 in an account paying an interest rate of 3.1% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the

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asked Jul 5, 2022 93.7k views

8 votes

Samantha invested $880 in an account paying an interest rate of 3.1% compounded

continuously. Assuming no deposits or withdrawals are made, how long would it
take, to the nearest tenth of a year, for the value of the account to reach $1,270?

Mathematics
high-school

Gasche asked

by Gasche

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1 Answer

8 votes

Answer: 11.8

Explanation:

Samantha invested $880 in an account paying an interest rate of 3.1% compounded continuously-example-1

Samantha invested $880 in an account paying an interest rate of 3.1% compounded continuously-example-2

Akkishore answered Jul 10, 2022

by Akkishore

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