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July 24, 2014

July 24, 2014

Posted by **Carla** on Friday, July 27, 2012 at 12:33am.

(a) Determine, to the nearest dollar the amount of money she will have after 5 years.

(b) Determine how many years, to the nearest year, it will take for her investment to have a value of $10,000.

- algebra -
**Damon**, Friday, July 27, 2012 at 4:32amr = .06

A = 3850 * e^(.06*5)

A = $ 5197

b)

10,000 = 3850 * e^(.06 t)

ln ( 2.597) = .06 t

t = 16

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