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maksim [4K]
2 years ago
9

How long does it take $150 to grow to $600 at 5% annual percentage rate compounded continously? Round to the nearest whole numbe

r. Must show work.
Mathematics
1 answer:
kakasveta [241]2 years ago
6 0

Or, if your money is earning a 5 percent interest rate, you'll double it in 14.4 years (72 divided by 5 equals 14.4). If your money is earning a measly 1 percent interest rate, it will take you—yep, you guessed it—a whopping 72 years to double it.

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