Wiki User
∙ 13y ago500*1.08y=800 (y being the number of years.)
1.08y=1.6
y*log(1.08)=log1.6 (base of log doesn't matter)
y=log(1.6)/log(1.08)
y=6.1 years
In this case you can't have 0.1 of a year so you round up.
so if you leave it in the bank for 7 years you will have over 800. (to be exact you will have 856.91)
if you had only left it for 6 you would have 793.44
Wiki User
∙ 13y ago5259.81
It will be worth 457.96
1136.23
556.34
730.43
5259.81
If 1500 dollars is invested at an interest rate of 3.5 percent per year compounded continuously, after 3 years it's worth $1666.07, after 6 years it's $1850.52, and after 18 years it's worth $2816.42.
It will be worth 457.96
1136.23
It will be worth 417.72, approx.
523.97
635.61
661.56
332.01
543.66
556.34
730.43