How long (in years) will it take a $300 investment to be worth $400 if it is continuously compounded at 12% per year? (Glve the answer to two decimal places.) ______ уr

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asked Dec 5, 2021 28.5k views

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Srph · Answer 1 · 2021-12-10T09:50:18+0000

Answer:12 years

Step-by-step explanation: it’s a $100 difference so you would just multiply that number by the percentage which is 12% and as a decimal it’s .12 so 100*.12= 12

How long (in years) will it take a $300 investment to be worth $400 if it is continuously compounded at 12% per year? (Glve the answer to two decimal places.) ______ уr

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