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2 years ago

10. Giselle invests $16,250 in an account that earns 4.25% interest, compounded continuously.

Mathematics

1 answer:

denis-greek [22]2 years ago

3 0

Answer: 24 years

Step-by-step explanation:

% • total = Answer

4.25% • $40,000 = Answer

.0425 • $40,000 = Answer

Answer = $1,700 per year

40,000 ÷ 1,700 = 23.5

23.5 rounded to the nearest year is 24

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We substitute the given into the equation
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