Register

Tanner deposited $2000 into a new savings account that earn 10% interest compounded continuously. How long will it take for the balance to grow to $3205.00

Tanner deposited $2000 into a new savings account that earn 10% interest compounded continuously. How long will it take for the balance to grow to $3205.00
asked 21.5k views
3 votes
Tanner deposited $2000 into a new savings account that earn 10% interest compounded continuously. How long will it take for the balance to grow to $3205.00

asked
User Geoff Swartz
by
8.1k points

1 Answer

5 votes

Answer:

It will take 7.73 years for the balance to grow to $3205.00.

answered
User Snugug
by
8.7k points
← Prev Question Next Question →

Related questions

User Ergonaut
asked May 9, 2021 173k views
Tanner went to the bank and deposited $200 if his final balance was $647 what did he begin with?
Ergonaut asked May 9, 2021
by Ergonaut
8.5k points
1 answer
0 votes
173k views
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 =
How do you estimate of 4 5/8 X 1/3
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!