Investment/Interest Question

[chapabrigade]

An investrnent of $300,000 which earns interest at the
rate of 15 percent per year is rnade. If the interest is
compounded continuously, (a) What will the investrnent
grow to if it is invested for 35 years? (b) 47 years?
(c) How long is required for the investrnent to increase by 175 percent?

 

[Steven G]

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