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Tanner deposited $2000 into a new savings account that earn 10% interest compounded continuously. How long will it take for the balance to grow to $3205.00

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asked Sep 15, 2024 21.5k views

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Tanner deposited $2000 into a new savings account that earn 10% interest compounded continuously. How long will it take for the balance to grow to $3205.00

Mathematics
college

Geoff Swartz asked

by Geoff Swartz

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Answer:

It will take 7.73 years for the balance to grow to $3205.00.

Snugug answered Sep 21, 2024

by Snugug

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Tanner deposited $2000 into a new savings account that earn 10% interest compounded continuously. How long will it take for the balance to grow to $3205.00

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