Question

How many years will it take $1,000 to grow to $1,700 if it is invested at 2.25% compounded continuously? 23.58 years (Round to two decimal places.)

          How many years will it take $1,000 to grow to $1,700 if it is invested at 2.25% compounded continuously?
23.58 years (Round to two decimal places.)

Added by Katherine B.

Calculus: Early Transcendentals

James Stewart 8th Edition

Instant Answer

Solved by Expert Dwijendra Rao

03/18/2021

Step 1

- Principal amount (initial investment): $1,000 - Future value (amount to grow to): $1,700 - Interest rate: 2.25% - Compounded continuously Show more…

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How many years will it take $1,000 to grow to $1,700 if it is invested at 2.25% compounded continuously? 23.58 years (Round to two decimal places.) How many years will it take $1,000 to grow to $1.700 if it is invested at 2.25% compounded continuously 23.58years(Round to two decimal places.)