Mia invested $640 in an account paying an interest rate of 6.7% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $940?

Question

07-02-2021
Mathematics

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Mia invested $640 in an account paying an interest rate of 6.7% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $940?

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