document.write( "Question 1205986: If 6000 dollars is invested in a bank account at an interest rate of 5 per cent per year compounded continuously. How many years will it take for your balance to reach 20000 dollars \n" ); document.write( "
Algebra.Com's Answer #843126 by math_tutor2020(3817)![]() ![]() ![]() You can put this solution on YOUR website! \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "It takes about 24.079 years depending how you round the final answer.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Check: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "This rounds to 20,000 when rounding to the nearest cent. \n" ); document.write( " \n" ); document.write( " |