Homework Help: Math

Posted by Jason on Wednesday, June 8, 2011 at 4:26pm.

If $ 2500 is invested in an account that pays interest compounded continuously, how long will it take to grow to $ 5000 at 3%? Round to the nearest tenth

Math - Mgraph, Wednesday, June 8, 2011 at 5:41pm
5000=2500*1.03^t
1.03^t=2
t=ln2/ln1.03=23.4

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