Ask your own question, for FREE!
Mathematics 18 Online
OpenStudy (anonymous):

How long will it take a $600 investment to be worth $900 if it is continuously compounded at 8% per year? (Give the answer to two decimal places.)

OpenStudy (anonymous):

Take 600 and multiply it by 1.8 as many times as you have to to reach 900

OpenStudy (anonymous):

you mean1.08 ? beacuse it is 8% in the question

OpenStudy (anonymous):

Yes sorry, 1.08. Good catch!

OpenStudy (anonymous):

So the answer is, i dont know how to calculate it

OpenStudy (anonymous):

Do you have a calculator on your phone/computer?

OpenStudy (anonymous):

yes but i dont know how to use that, im not vert clearly understand the multiply it by 1.008

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!