michelleee8 michelleee8

02-02-2021
Mathematics

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you invested 1,000 in an account with interest rate at 2% compounded continuously. how long until 1400 is in your account?

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richardbranch11 richardbranch11

02-02-2021

Answer:20 months

Step-by-step explanation:

2% of 1000 is 20 1000-1400=400

400/20=20 so 20 months

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