Register
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.
2.7k views
3 votes
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.

User Ankit Acharya
by
5.0k points

1 Answer

4 votes

Answer:

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

User Yurii
by
5.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.0m questions

7.9m answers

Other Questions

Solve for y in terms of x. 2/3y - 4 = x y = x + 6 y = -x + 4 y = -x + 6 y = x + 4
Aliyah has $24 to spend on seven pencils. After buying them she had $10. How much did each pencil cost?
Ten gallons of paint were poured into two containers of different sizes. Use one variable to express the amount poured into each container
Use the normal model ​n(11371137​,9696​) for the weights of steers. ​a) what weight represents the 3737thth ​percentile? ​b) what weight represents the 9999thth ​percentile? ​c) what's the iqr of the weights
Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
Link Copied!