A woman invests $5500 in an account that pays 6% interest per year, compounded c

Algebra
Tutor: None Selected Time limit: 1 Day

A woman invests $5500 in an account that pays 6% interest per year, compounded continuously.
(a) What is the amount after 2 years? (Round your answer to the nearest cent.)
  

(b) How long will it take for the amount to be $9000? (Round your answer to two decimal places.)
 

 yr

Jul 16th, 2015

a. 6179.80

b. 10.09 years............................................................................................................................................................................

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Jul 16th, 2015

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Jul 16th, 2015
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