leasincobe2029 leasincobe2029

04-08-2020
Mathematics

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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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yp3angels yp3angels

04-08-2020

Answer: 25 years

Step-by-step explanation:

t = I / Pr

t = 5700 / ( 3800 × 0.06 ) = 25

t = 25 years

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