Mathematics, 15.06.2021 06:30, danyelleearly12

Use the equation where P represents the principall amount, t represents time and r is the interest rate. Question 1
Suppose you deposit $3000 in an account paying 2% annual interest compounded continuously. Find the balance (A) after 5 years.
Balance _ (2 places)
How long will iot take before you have $5000 in your account? _ (1 place)

Question 2
Suppose you deposit $100 in an account paying 3.5% annual interest compounded continuously.

How long will it take to double your money? _ (1 place)
What interest rate would you need in order to have $300 after 10 years? _ (1 place)

Answers: 1

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Use the equation where P represents the principall amount, t represents time and r is the interest...