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15-04-2020
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Phoenix has $1,275 to invest in an account that pays 7% interest per
year, compounded continuously. It will take _____ years for the
amount to be $5050? Round to two decimal places.

Respuesta :

emma23131 emma23131

15-04-2020

Answer:

56.58 years

Explanation:

I=PRT is the actual formula. we adjust the formula to find the t so its become

t = i/pr

t=5050/1275(0.07)

t= 56.58 years

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