Question

Mia invested $52,000 in an account paying an interest rate of 3.1% compounded

continuously. Assuming no deposits or withdrawals are made, how long would it
take, to the nearest tenth of a year, for the value of the account to reach $62,100?

Answer 1

Explanation:

Maia will have 3.1 percentage because we divide three 52,000 by 3.1 percent