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12-05-2021
Mathematics

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10. Giselle invests $16,250 in an account that earns 4.25% interest, compounded continuously.
How long, rounded to the nearest year, will it take for Giselle's money to grow to $40,000?

Respuesta :

HiRandomStranger HiRandomStranger

12-05-2021

Answer: 24 years

Step-by-step explanation:

% • total = Answer

4.25% • $40,000 = Answer

.0425 • $40,000 = Answer

Answer = $1,700 per year

40,000 ÷ 1,700 = 23.5

23.5 rounded to the nearest year is 24

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