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You deposit 5000 into an account that earns 4.3% annual interest compounded continuously. How long will it take for your investment to double? Round answer to the nearest hundre…

You deposit 5000 into an account that earns 4.3% annual interest compounded continuously. How long will it take for your investment to double? Round answer to the nearest hundre…
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3 votes
You deposit 5000 into an account that earns 4.3% annual interest compounded continuously. How long will it take for your investment to double? Round answer to the nearest hundredth.

asked
User Ankit Acharya
by
7.4k points

1 Answer

4 votes

Answer:

it would take 215 dollars a year so it would take 23.3 years

answered
User Yurii
by
8.8k points
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