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You invested $7,000 in a savings account that compounds continuously at a rate of 5.3% How many years will it take for your savings account to be at $13,000

You invested $7,000 in a savings account that compounds continuously at a rate of 5.3% How many years will it take for your savings account to be at $13,000
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20 votes
You invested $7,000 in a savings account that compounds continuously at a

rate of 5.3% How many years will it take for your savings account to be at
$13,000

User MMiroslav
by
7.5k points

1 Answer

1 vote
11 years and 9-ish months
User All Bits Equal
by
8.7k points
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