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How long will it take 3800 to grow into 5700 if it’s invested at 6% interest compounded continuously?
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How long will it take 3800 to grow into 5700 if it’s invested at 6% interest compounded continuously?

User BigTallJosh
by
5.6k points

2 Answers

4 votes

Answer: 25 years

Explanation:

t = I / Pr

t = 5700 / ( 3800 × 0.06 ) = 25

t = 25 years

User Ingo Karkat
by
5.4k points
2 votes

Answer:

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User Rhenz
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5.3k points
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