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1) Graduation is 3 years away and you want to have $650 available for a trip....

1)

Graduation is 3 years away and you want to have $650 available for a trip. If your bank is offering a 3-year CD (certificate of deposit) paying 2.6% simple interest, how much do you need to put in this CD to have the money for your trip?

2)

$8000 is deposited in an account earning 2% interest compounded continuously. Use the continuous interest formula below to determine how long it takes for the amount in the account to double. Round answer to 2 decimal places.

A=Pe^Tt

years. ??

Math   Advanced-Math   
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