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y Calculus

$1$ of $40$

Recently, a certain bank offered a $10-$year CD that earns $2\mathrm{.}84\%$ compounded continuously.

Use the given information to answer the questions.

$($a$)$ If $$20,000$ is invested in this CD$,$ how much will it be worth in $10$ years? approximately $($Round to the nearest cent.$)$

$($b$)$ How long will it take for the account to be worth $$70,000?$ approximately $$ years $($Round to two decimal places as needed.$)$