Register
4) Taylor puts $3100 into an investment account with interest compounded continuously. Which is the least number of years needed for the account to grow to $10,000 at an interest rate of 4.7% 1) 24 2)
160k views
0 votes
4) Taylor puts $3100 into an investment account with interest compounded continuously. Which is the least number of years needed for the account to grow to $10,000 at an interest rate of 4.7% 1) 24 2) 25 3) 26 4) 30

User Eward
by
8.1k points

1 Answer

4 votes

Answer:

About 25 years.

4) Taylor puts $3100 into an investment account with interest compounded continuously-example-1
User Pierce Griffiths
by
7.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.3m questions

12.0m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!