SOLUTION: how many years will it take $6,000 to grow to $10,000 if it is invested at 3% (A) compounded quarterly? (B) compounded continuously?

Question 860951: how many years will it take $6,000 to grow to $10,000 if it is invested at 3%
(A) compounded quarterly? (B) compounded continuously?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

 

Hi,



  t = 

Continously

A = P e ^(rt),      

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