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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 neares…

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 neares…
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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?

User Gasche
by
8.2k points

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
User Akkishore
by
8.5k points
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