Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

you invested 1,000 in an account with interest rate at 2% compounded continuously. how long until 1400 is in your account?

Sagot :

Answer:20 months

Step-by-step explanation:

2% of 1000 is 20 1000-1400=400

400/20=20 so 20 months

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.