Question

How long (in years) will it take a $300 investment to be worth $400 if it is continuously compounded at 12% per year? (Glve the answer to two decimal places.)

______ уr

Answer 1

Answer:12 years

Step-by-step explanation: it’s a $100 difference so you would just multiply that number by the percentage which is 12% and as a decimal it’s .12 so 100*.12= 12