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Let's do another one:
How long will it take
$10,000
to grow to $200,000
if it is invested at 7.5%
compounded continuously?
* Compounded
continuously means that we need to use this guy:
It will take about
39.9
years for $10,000
to grow into $200,000
if it is invested at 7.5%
compounded continuously.
TRY IT:
How long will it take
$2000
to grow into $6000
if it is invested at
10% compounded
monthly?
How long will it take
$5039
to grow into $20,000
if it is invested at 4.6%
compounded continuously?
If an alien amoeba splits into
1.7
alien amoebas every day, how long will it take for
1000
alien amoebas to grow into 42,000
alien amoebas?
Continued on the
next
page
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