Help - math question! - 11/30/10 05:38 AM
Hi,
My dd has asked me for help with her homework and I am afraid I am very rusty with my algebra. Here is the problem she needs help with:
"You put $1500 into an account that pays 7% annual interest compounded continuosly. How long will it be before you have $2000 in your account."
Anyone knows of an easy way to explain this problem? Would appreciate your help!
My dd has asked me for help with her homework and I am afraid I am very rusty with my algebra. Here is the problem she needs help with:
"You put $1500 into an account that pays 7% annual interest compounded continuosly. How long will it be before you have $2000 in your account."
Anyone knows of an easy way to explain this problem? Would appreciate your help!