An initial deposit of $50 is now worth $400. The account earns 5.2% interest compounded continuously

Discussion in 'Calculator Requests' started by math_celebrity, Apr 30, 2020.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    An initial deposit of $50 is now worth $400. The account earns 5.2% interest compounded continuously. Determine how long the money has been in the account.

    Using our continuous interest compound calculator solving for t, we get:
    t = 39.99 periods
     

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