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zimovet [89]
3 years ago
5

julie invests 2,500 in an account paying 2.3$ annual intrest,compounded continously.how long should she leave her money in the a

ccount if she wants to withdraw 4,000
Mathematics
1 answer:
BARSIC [14]3 years ago
4 0
She would leave it for 1 year
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Step-by-step explanation:

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totally answer.
4 0
3 years ago
Catherine invested a principal of $1,650 in her bank account with interest rate 3.1 % How much interest did she earn in 14 years
never [62]

Answer:

$693

Step-by-step explanation:

Catherine invested a principal of $1,650 in her bank account with;

interest rate of 3.1%

How much interest did she earn in 14 years?

To find the amount accumulated in the 14 years, we use the formula:

A = P(1 + rt)

Where A is the amount accumulated, P is the principal, r is the interest rate and t is the time.

A = $1650(1 + \frac{3}{100}(14))

A = $1650 + $693 = $2343

Interest = Amount (A) - Principal (P) = $2343 - $1650 = $693

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2 years ago
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