Sunday

March 29, 2015

March 29, 2015

Posted by **Wilbert** on Monday, February 13, 2012 at 5:58pm.

After how many years will $100 invested at an annual rate of 6% compounded continuously be worth at least 450$? (Use the formula An=A0e^rt)

- Math -
**Reiny**, Monday, February 13, 2012 at 6:09pmYour problem is one of "growth" , not decay

100(e^.06t = 450

e^.06t =4.5

.06t lne = ln 4.5

.06t = ln 4.5

t = ln 4.5 / .06 = 25.068 years

**Answer this Question**

**Related Questions**

Math - How much money should be invested at an annual interest rate of 6.2% ...

Algebra II - I'm pretty confused about these problems. We're learning growth and...

Math - If $1500 is invested at an interest rate of 3.5% per year, compounded ...

math modeling - Suppose that you invested $1,442 at the annual rate of 4.60% ...

algebra - To find the amount A in an account after t years with principal P and ...

math - Phil invested $150 at an annual rate of 4% compounded continuously, what...

Plz Hel, word problem:) - I have tried hard to solve, but I'm stuck.... Let’s ...

Algebra - The question is: find the value of 500 dollars after 4 years invested ...

math - If $3500 is invested at an interest rate of 6.25% per year, compounded ...

Calc - How much money will we have in 6 months if we invest $1000 into an ...