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How long will it take $3800 to grow into $5700 if it’s invested at 6% interest compounded continuously?

How long will it take $3800 to grow into $5700 if it’s invested at 6% interest compounded continuously?
asked 80.2k views
3 votes
How long will it take $3800 to grow into $5700 if it’s invested at 6% interest compounded continuously?

asked
User Adam Swinden
by
7.6k points

1 Answer

6 votes

Answer: 25 years

Explanation:

t = I / Pr

t = 5700 / ( 3800 × 0.06 ) = 25

t = 25 years

answered
User Timothy Vann
by
8.0k points
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