michelleee8 michelleee8
  • 02-02-2021
  • Mathematics
contestada

you invested 1,000 in an account with interest rate at 2% compounded continuously. how long until 1400 is in your account?

Respuesta :

richardbranch11 richardbranch11
  • 02-02-2021

Answer:20 months

Step-by-step explanation:

2% of 1000 is 20 1000-1400=400

400/20=20 so 20 months

Answer Link

Otras preguntas

I need help please match the careers with the career clusters!!!
if john can buy 8 liters of soft drinks at the store for $6.40 how much does it cost to buy 12 liters​
Find the domain of the following expressions:
A person absentmindedly walks off the edge of a tall cliff. They will fall 50 m into either deadly rocks or a safe lake below the cliff. The lake is 12 meters a
find a political cartoon that represents the monroe doctrine
Trapezoid G H J K is rotated about G 90 degrees counterclockwise to form trapezoid G prime H prime J prime K prime. Trapezoid G prime H prime J prime K prime is
The box under the rock is where i hid the key
Which is the difference between marginal cost and marginal revenue
Help?! Can somebody tell me the answer and can they explain how to do it?
A payday loan store charges $35 for a one-month loan of $700. What annual interest rate is this equivalent to? %