If a principle of $4000 is invested at an interest rate of 6%, how many years will it be until the investment has grown to $5000 if the interest is compounded continuously? Use the formula A = Pet. Round to the nearest 0.01 years.

Q: ou invest $1400 in an account compounded continuously at 2.25$ for 5 years. How much money do you…

A: Formula for finding the amount in compound interest - A = P1+R100t…

Q: If you borrow $4500 at 3.5% interest compounded continuously, and make no payments toward the loan,…

A:

Q: Suppose you had $100 to invest for 5 years. Determine the amount of the investment if it earned 7%…

A: Obtain the amount if the investment compounded monthly as follows.

Q: Find the amount of money an investment of $15,000 compounded continuously for 10 years at 6.25%…

A: Given: Principal = P = $15,000 Annual rate = R = 6.25% Time = 10 years   To find: Final Amount = A

Q: Suppose that $1,000 is invested at 5% interest compounded continuously. Use the formula A = Pert.…

A: It is given that $1,000 is invested at 5% interest compounded continuously. That is, P=1000,r=5%.…

Q: Gina puts $ 5500 into an account earning 7.75% interest compounded continuously. How long will it…

A: Given problem Given that   Gina puts $ 5500 into an account earning 7.75% interest compounded…

Q: You deposit $2000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: Mary invests $3500 at 2.75% compounded continuously. How much money will be in the account after 6…

A: Given Principal amount p = $3500 Interest rate r = 2.75% = 0.0275 Time t = 6 years

Q: Charlie invests $11000 into a savings account that grows at an interest rate of 4.5% per year.How…

A: Rate of interest for 1 week = (4.5%)/(Number of weeks) = (4.5%)/52

Q: An account has $26,000 after 15 years. The account received 2.3% interest compounded continuously.…

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