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AveGali [126]
3 years ago
6

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

Mathematics
1 answer:
denis-greek [22]3 years ago
3 0

Answer: <u>24 years</u>

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

<u>23.5 rounded to the nearest year is 24</u>

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