Register

A sum of $1000 is invested at an interest rate of 4.1% per year. Find the time required to grow to $4000 if interest is compounded continuously. Round to the nearest year.​

A sum of $1000 is invested at an interest rate of 4.1% per year. Find the time required to grow to $4000 if interest is compounded continuously. Round to the nearest year.​
asked 23.2k views
21 votes
A sum of $1000 is invested at an interest rate of 4.1% per year. Find the time required to grow to $4000 if interest is compounded continuously. Round to the nearest year.​

asked
User James Paul Turner
by
7.9k points

1 Answer

10 votes

Answer:

4100000

Explanation:

4.1 take the point 41x1000=410000

answered
User Ohseekay
by
8.1k 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
How do you estimate of 4 5/8 X 1/3
Link Copied!