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22 September, 11:23

Mary deposited $350 in a bank account that promises 2.8 percent interest compounded continuously. Approximately how many years will it take to reach a balance of $500?

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  1. 22 September, 11:50
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    Intrest=principal*rate*time

    500-350=150<---final interest

    150=350*2.8*time

    150=980*time

    time=approx. 0.15years or 54.75 days
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