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12 January, 00:34

Deshawn invests $5,000 in a savings account that earns 6% annual interest, compounded continuously. How long will it take to double his money?

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  1. 12 January, 03:14
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    Step-by-step explanation:

    Investment = $5,000

    Annual Interest = 5%

    5000/100 x 5/1

    50*5 = 250

    First year interest = $250

    Therefore, 250 x 20

    = $5,000

    It will take him 40 years.
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