How long will it take $40,000 to grow to $110,000 if it is compounded continuously at 6%

The formula for continuous compounding is given by

A = P.

where P is the initial or principal amount = $40,000

A is the amount at the end =$ 110,000

r is the rate of interest = 6% = 0.06

t is the time = the value we need to find

lets plug in the values

㏑(2.75) = ㏑[]

㏑(2.75) = 0.06t

t= 16.86 years

The time taken for $40000 to amount to $110000 is 16.86 years

typically if you want , you would actually put questions here for us to you. but hey, that's just me. maybe someone will magically answer the questions for you without knowing what they are.

answer: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.

step-by-step explanation: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.