How long will it take for $6400 to grow to $43,800 at an interest rate of 3.4% if the interest is compounded continuously?
1 answer:
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Answer:
35.8
Step-by-step explanation:
= 358
We know that our answer can never be greater than 358 since the dividend
is 340.1 and the divisor is 9.5;
Also,
Both values are to one decimal places and we can use this to solve the problem;
9 can divide 340 in about 37 place with a remainder of 7,
So, it is appropriate to make the solution 35.8