Maria H.

Continuous compound problem

How long will it take for an investment of $1000.00 to grow to$6000.00 at an interest rate of 3% if interest is compounded

a) 3 times per year

b) Continuously

3 Answers By Expert Tutors

By:

William W. answered • 10/30/19

Tutor
5.0 (705)

Top Prealgebra Tutor

Joseph C. answered • 10/30/19

Tutor
New to Wyzant

Pre-calculus Tutor

Still looking for help? Get the right answer, fast.

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.