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A sum of $1000 is invested at an interest rate of 4.1% per year. Find the time required to grow to $4000 if interest is compounded continuously. Round to the nearest year.
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Aug 19, 2023
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A sum of $1000 is invested at an interest rate of 4.1% per year. Find the time required to grow to $4000 if interest is compounded continuously. Round to the nearest year.
Mathematics
high-school
James Paul Turner
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Answer:
4100000
Explanation:
4.1 take the point 41x1000=410000
Ohseekay
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Aug 25, 2023
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Ohseekay
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