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DaniilM [7]
3 years ago
5

Jace invested $65,000 in an account paying an interest rate of 2.5% compounded continuously. Assuming no deposits or withdrawals

are made, how long would it take, to the nearest year, for the value of the account to reach $93,400?
Mathematics
1 answer:
Tomtit [17]3 years ago
7 0

Answer:

15 years

Step-by-step explanation:

93400=65000*e^(.025x)

x=14.5 which rounds to 15

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