ahmad838394 ahmad838394

24-04-2021
Mathematics

contestada

Jace invested $65,000 in an account paying an interest rate of 2.5% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $93,400?

Respuesta :

madethisfortwitch1 madethisfortwitch1

24-04-2021

Answer:

15 years

Step-by-step explanation:

93400=65000*e^(.025x)

x=14.5 which rounds to 15

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