Question:

Maya invested $5,000 in an account paying an interest rate

Last updated: 7/31/2022

Maya invested $5,000 in an account paying an interest rate

Maya invested $5,000 in an account paying an interest rate of 3.9% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach $6,880?