Ask Question
24 November, 04:55

Mary deposited $350 in a bank account that promises 2.8 percent interest compounded continuously. Approximately how many years will it take to reach a balance of $500?

+4
Answers (1)
  1. 24 November, 07:34
    0
    Intrest=principal*rate*time

    500-350=150<---final interest

    150=350*2.8*time

    150=980*time

    time=approx. 0.15years or 54.75 days
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Mary deposited $350 in a bank account that promises 2.8 percent interest compounded continuously. Approximately how many years will it take ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers