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Suppose that $7000 is invested at an interest rate of 5.2% per year, compounded continuously. How many years does it take for the money to grow to $14000 ?
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Suppose that $7000 is invested at an interest rate of 5.2% per year, compounded

continuously. How many years does it take for the money to grow to $14000 ?

User SecretCastle
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1 Answer

1 vote

Answer:

use the formula 14000=7000(1+5.2÷100)^t-1

User Alisom Martins
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