Hi, I'm having a little trouble figuring this out
You deposit $1900 in an account that pays 4.5% annual interest, compounded continuously. How long will it take for the balance to reach $3900
The answer I got was .1598050371
Which is obviously wrong, could someone please explain to me how to solve this?
You deposit $1900 in an account that pays 4.5% annual interest, compounded continuously. How long will it take for the balance to reach $3900
The answer I got was .1598050371
Which is obviously wrong, could someone please explain to me how to solve this?