26) Solve: $500 is deposited in a savings account. If the interest rate is 10% compounded continuously, after how many years will the investment be worth $3000? (Use A = Pe^rt)

26) Solve: $500 is deposited in a savings account. If the interest rate is 10% compounded continuously, after how many years will the investment be worth $3000? (Use A = Pe^rt)

asked Sep 26, 2021 67.5k views

1 Answer

← Prev Question Next Question →

Related questions

asked May 16, 2022 43.0k views

Use A=Pe^rt to solve Find the accumulated value of an investment of $3000 at 4% compounded annually for 12 years. A) $4618.36 B) $4320.00 C) $4440.00 D) $4803.10

Spongessuck asked May 16, 2022

8.6k points

2 answers

0 votes

43.0k views

asked Aug 22, 2020 52.3k views

If $600 is deposited into a savings account which pays 4.8% interest, compound continuously (A = Pe^rt), how long will it take the money to triple. Round to the nearest tenth of a year.

Elielink asked Aug 22, 2020

7.8k points

1 answer

3 votes

52.3k views

asked Dec 7, 2021 87.4k views

Jason opened a savings account and deposited $700.00 as principal. The account earns 1% interest, compounded continuously. What is the balance after 1 year? Use the formula A = Pe^rt , where A is the balance

Itsmysterybox asked Dec 7, 2021

by Itsmysterybox

8.5k points

2 answers

0 votes

87.4k views

Search Qammunity.org