SOLUTION: If you deposit money continuously at a constant rate of $3000 per year into a bank account that earns 4% interest, how many years will it take for the balance to reach $30000?
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Question 667105: If you deposit money continuously at a constant rate of $3000 per year into a bank account that earns 4% interest, how many years will it take for the balance to reach $30000?
I keep getting 57.56 years but it's wrong.
Answer by lynnlo(4176) (Show Source): You can put this solution on YOUR website!
57.57 OR 57.56
THIS IS AS CLOSE AS YOU WILL GET TO YOUR BALANCE
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