6.8 20 & 22 $7000 is deposited in an account earning 8% interest compounded continuously. Use the continuous interestformula below to determine how long it takes for the amount in the account to double. Round answer to 2decimal places.A = Pertyears. You deposit $2000 in an account earning 2% interest compounded continuously. How much will you have inthe account in 15 years?$

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Answered: $7000 is deposited in an account…

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 19E

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$7000 is deposited in an account earning 8% interest compounded continuously. Use the continuous interest formula below to determine how long it takes for the amount in the account to double. Round answer to 2 decimal places. A = Pert years.