matthewvelasco8 matthewvelasco8

18-03-2021
Mathematics

contestada

How long does it take $150 to grow to $600 at 5% annual percentage rate compounded continously? Round to the nearest whole number. Must show work.

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celly786712 celly786712

18-03-2021

Or, if your money is earning a 5 percent interest rate, you'll double it in 14.4 years (72 divided by 5 equals 14.4). If your money is earning a measly 1 percent interest rate, it will take you—yep, you guessed it—a whopping 72 years to double it.

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