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

Question

lianna [129]

3 years ago

7

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

Mathematics

1 answer:

Oxana [17] · Answer 1 · 2022-04-17T14:57:11+03:00

Oxana [17]3 years ago

7 0

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