Mathematics, 01.03.2021 09:30 icantspeakengles
Alan deposited $300 in an account that pays 6% interest
compounded continuously. Approximately how long will it
take for Alan's money to triple?
(Use the formula A = Pe^rt where A is the accumulated amount, P is the initial amount, r is the annual rate of interest, and t is the elapsed time in years.)
A - 7.95 years
B - 11.55 years
C - 18.31 years
D - 23.10 years
Answers: 3
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Alan deposited $300 in an account that pays 6% interest
compounded continuously. Approximately how...
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