Avery invested $21,000 in an account paying an interest rate of 3.3% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $29,200?

Question

30-04-2021
Mathematics

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Avery invested $21,000 in an account paying an interest rate of 3.3% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $29,200?

Sagot :

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