Andrew deposited $500 in a savings account that offers an interest rate of 6.5%, compounded continuously. andrew's initial deposit will grow to $543 in months.

The answer is 15 months.

Step-by-step explanation:

p = $500

r = 6.5% or 0.065

A = $543

t = ?

The formula to be used here is :

Putting the values in formula we get:

This gives t = 1.3 years

In months it will be 1 year(12 months) + 3 months = 15 months.

Hence, the answer is 15 months.

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