SOLUTION: If $15,000 is invested and gains 6.65% interest compounded continuously, in how many years will you have $400,000.

SOLUTION: If $15,000 is invested and gains 6.65% interest compounded continuously, in how many years will you have $400,000.

Algebra.Com

Question 751162: If $15,000 is invested and gains 6.65% interest compounded continuously, in how many years will you have $400,000.
Answer by josgarithmetic(39630) (Show Source): You can put this solution on YOUR website!

.

Use values as A=40000 and P=15000
RELATED QUESTIONS
If $1,000 is invested now, $1,500 two years from now, and $2,000 four years from not at... (answered by JBnovelwriter,MathTherapy)

Use the compound interest formulas A = P(1 + r/n)^nt and A = Pe^rt to solve.... (answered by ikleyn)

Find the amount of money accumulated if you invested $25,000 at 4.3% interest for 8 years (answered by Alan3354)

If money is invested at r percent interest, compounded annually, the amount of the... (answered by Theo)

1. If you lend $3600 to a friend for 15 months at 10% annual simple interest, find the... (answered by stanbon)

How long (in years) would $11,000 have to be invested at 7% compounded continuously to... (answered by greenestamps)

How long will it take $3,000 to grow to $14,000 if it is invested at 5% compounded... (answered by mananth)

Suppose you want to have $400,000 for retirement in 20 years. Your account earns 5%... (answered by Boreal)

You invest $10 000 for 9 years at 12%p.a, how much money will you get back if interest is (answered by Theo)