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

Hannah invests $3850 dollars at an annual rate of 6% compounded continuously, according to the formula A=Pe^rt, where A is the amount, P is the principal, e=2.718, r is the rate of interest, and t is the time, in years.

(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.

## Answer This Question

## Related Questions

- algebra - The amount of money in an account with continuously compounded ...
- algebra 2 - The amount of money in an account with continuously compounded ...
- math - The amount of money in an account with continuously compounded interest ...
- algebra - To find the amount A in an account after t years with principal P and ...
- algebra 2 - What will be the amount in an account with initial principal $6000 ...
- algebra II - What will be the amount in an account with initial principal $6000 ...
- math - how long will it take to earn $787.50 on $5000 at 5 1/4%(percent) what is...
- algebra - A continuously compounded account starts with $1500 in principal. The...
- compound interest - How do I solve these problems? Complete the table for a ...
- calculus - The proprietor of Carson Hardware Store has decided to set up a ...

More Related Questions