Question:

You deposit $4000 in an account earning 2% interest

Last updated: 8/6/2022

You deposit $4000 in an account earning 2% interest

You deposit $4000 in an account earning 2% interest compounded continuously. The amount of money in the account after t years is given by A(t) = 4000e0.02t How much will you have in the account in 6 years? $ _____ Round your answer to decimal places. How long will it be until you have $19700 in the account? answer to 2 decimal places.How long does it take for the money in the account to double? ---------- years round your answer to 2 decimal places.