You deposit 5000 into an account that earns 4.3% annual interest compounded continuously. How long will it take for your investment to double? Round answer to the nearest hundredth.

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Thys Andries Michels asked Jul 26, 2022

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You deposit 5000 into an account that earns 4.3% annual interest compounded continuously. How long will it take for your investment to double? Round answer to the nearest hundredth.

Mathematics
college

Thys Andries Michels asked Jul 26, 2022

by Thys Andries Michels

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Answer:

it would take 215 dollars a year so it would take 23.3 years

PEELY answered Jul 30, 2022

by PEELY

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