Register

If you invest $5,000 into an account paying 6% interest compounded continuously, how many years will it take until there is $8,000 in the account? 6.83 years 7.83 years 8.67 yea…

If you invest $5,000 into an account paying 6% interest compounded continuously, how many years will it take until there is $8,000 in the account? 6.83 years 7.83 years 8.67 yea…
asked 61.6k views
25 votes
If you invest $5,000 into an account paying 6% interest compounded

continuously, how many years will it take until there is $8,000 in the account?

6.83 years
7.83 years
8.67 years
9.67 years

asked
User Kamyl
by
7.9k points

1 Answer

8 votes

Answer: 7.83 years

:)))

answered
User Yazid Mekhtoub
by
8.2k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!