mikaylasimonds48256 mikaylasimonds48256

17-04-2020
Mathematics

contestada

How long will it take, compounding continuously at 2.5%, for Sally to have a balance of $1,250 if
she invests $1,000? Round answer to the nearest year.

Respuesta :

georgiamrice4 georgiamrice4

17-04-2020

Answer:

It will only take 1 year

Step-by-step explanation:

By starting with 1000 after the first year you will multiply 1000 by 1.25% which gives you 1,250

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