Mathematics, 11.02.2021 03:00 anselmojohn4370
Eva deposits $2,000 in a savings account with an interest rate of 5% compounded continuously. She decides not to deposit or
withdraw any money after the initial deposit.
She uses the formula A=Pe^rt to represent her account balance, A, after t years, where r is the rate of interest and P is the
beginning balance, or principal.
How long will it take for Eva's initial deposit to double?
Answers: 2
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Eva deposits $2,000 in a savings account with an interest rate of 5% compounded continuously. She de...
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