(a) If you deposit money continuously at a constant rate of $1000 per year into a bank

Chapter 8, Problem 22

(choose chapter or problem)

(a) If you deposit money continuously at a constant rate of $1000 per year into a bank account that earns 5% interest, how many years will it take for the balance to reach $10,000? (b) How many years would it take if the account had $2000 in it initially?

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