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Determine how long it will take for $4000 to quadruple in a bank account earning 3.57% interest compounded continuously. Round to the nearest year

Determine how long it will take for $4000 to quadruple in a bank account earning 3.57% interest compounded continuously. Round to the nearest year
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5 votes
Determine how long it will take for $4000 to quadruple in a bank account earning 3.57% interest compounded continuously. Round to the nearest year

User Mkhanoyan
by
8.1k points

1 Answer

4 votes

Answer:

12 months, so 1 year

Explanation:

User Yony
by
8.2k points
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