Register
$2000 is invested at 3.5% compounded continuously. How many years will it take for the investment to be worth $3000?
32.6k views
5 votes
$2000 is invested at 3.5% compounded continuously. How many years will it take for the investment to be worth $3000?

User Trouselife
by
2.7k points

1 Answer

13 votes

Answer:

16 months or 1 and 1/2 years

User Martin Redmond
by
3.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.5m questions

4.4m 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)
Can someone help me plz I have to Turn 27/9 in simplest
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!