8000 dollars is invested in a bank account at an interest rate of 8 percent per year, compounded continuously. Meanwhile

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: 899604
Joined: Mon Aug 02, 2021 8:13 am

8000 dollars is invested in a bank account at an interest rate of 8 percent per year, compounded continuously. Meanwhile

Post by answerhappygod »

8000 Dollars Is Invested In A Bank Account At An Interest Rate Of 8 Percent Per Year Compounded Continuously Meanwhile 1
8000 Dollars Is Invested In A Bank Account At An Interest Rate Of 8 Percent Per Year Compounded Continuously Meanwhile 1 (58.09 KiB) Viewed 32 times
8000 dollars is invested in a bank account at an interest rate of 8 percent per year, compounded continuously. Meanwhile, 23000 dollars is invested in a bank account at an interest rate of 4 percent compounded annually. To the nearest year, When will the two accounts have the same balance? The two accounts will have the same balance after years.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply