leasincobe2029 leasincobe2029
  • 04-08-2020
  • Mathematics
contestada

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

Respuesta :

yp3angels
yp3angels yp3angels
  • 04-08-2020

Answer: 25 years

Step-by-step explanation:

t = I / Pr

t = 5700 / ( 3800 × 0.06 ) = 25

t = 25 years

Answer Link

Otras preguntas

What is an example of militarism being used in a good way
What does The Bachelor give to the women he wants to stay on the show each week?
WILL GIVE BRAINLIEST IF ANSWERED FAST!!!
WILL GIVE BRAINLIEST IF FAST!! GIVE GOOD REVIEWS FOR CORRECT ANSWERS!
lucy starts 4miles from home and jogs away from home at 6mph for 20minutes. draw this statement on the diagram for me please.
WILL GIVE BRAINLIEST FOR QUICK ANSWERS!! I RATE WELL FOR GOOD ANSWERS!!
Differenciate between chemical and structural formulae
The population of rabbits on an island is growing exponentially. In the year 1990, the population of rabbits was 2100, and by 1993 the population had grown to 3
​Order: Zofran​ (ondansetron HCl) 4 mg​ IVPB, add to 50 mL D5 one half NS and infuse in 20 min via pump. The label on the vial reads 2​ mg/mL. At how many milli
In a vegetarian diet, 46 individuals include fruits in their meals and 22 individuals eat without including any fruits. Express the following in ratios: Fruit c