Register
You deposit $5,000 in an account that pays 2% annual interest. How long does it take the balance to reach $10,000 when the interest is compounded continuously. Round to the nearest tenth of a year.
52.3k views
2 votes
You deposit $5,000 in an account that pays 2% annual interest. How long

does it take the balance to reach $10,000 when the interest is
compounded continuously. Round to the nearest tenth of a year.

User Golden
by
3.8k points

1 Answer

5 votes
Do
/5000 times 2/100
User DraganS
by
3.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.7m questions

4.8m answers

Other Questions

A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Solve for x in the equation 3 x squared minus 18 x + 5 = 47. (I need this to be an answer like X=3+\_ square root 23)
Please answer asap.......... ...
The sanchez family goes out for dinner, and the price of the meals is $60. The sales tax on the Meals is 7 percent, and they also want to leave a 15 percent tip. What is the total cost of the meal? Analyze
Simplify: 10 ÷ [(5 + 2) − 5]
Link Copied!