Ask Question
8 April, 07:41

John invests $5625 into a savings account with a fixed annual interest rate of 7% compounded continuously. How many years will it take for the account to reach $37233.95? Round to the nearest whole number.

+1
Answers (1)
  1. 8 April, 09:12
    0
    Step-by-step explanation:

    use the formula A=P (1+r) ^t

    37233.95=56259 (1+.07) ^t

    37233.95=60197.13^t
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “John invests $5625 into a savings account with a fixed annual interest rate of 7% compounded continuously. How many years will it take for ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers