jjswag3123 jjswag3123

12-05-2021
Mathematics

contestada

Katy put $3000 into his bank account. If the account pays 9% interest compounded continuously, when will it be worth $12000?

Respuesta :

nprocks958 nprocks958

12-05-2021

Answer:

33 years and 4 months.

Step-by-step explanation:

Assuming it is a flat rate

3000 x 0.09 = $270 per year

12000-3000=9000

9000/270 = 33 years, 4 months

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