23) Johnny has invested $3,000 dollars into a savings account with an annual rate of 5% compounding continuously. How ma

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

23) Johnny has invested $3,000 dollars into a savings account with an annual rate of 5% compounding continuously. How ma

Post by answerhappygod »

23 Johnny Has Invested 3 000 Dollars Into A Savings Account With An Annual Rate Of 5 Compounding Continuously How Ma 1
23 Johnny Has Invested 3 000 Dollars Into A Savings Account With An Annual Rate Of 5 Compounding Continuously How Ma 1 (15.29 KiB) Viewed 44 times
23) Johnny has invested $3,000 dollars into a savings account with an annual rate of 5% compounding continuously. How many years will it take for the investment to reach $6,000? Write both the exact solution and round the solution to two decimal places. (6 points)
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”