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April 20, 2014

April 20, 2014

Posted by **Meg** on Wednesday, March 27, 2013 at 12:14am.

a) How long will it be until you have $2000?

b) What is the doubling time for this money?

- Algebra -
**Henry**, Thursday, March 28, 2013 at 7:26pmP = Po*e^rt.

a. rt = 0.08t

P = 1700*e^0.08t = $2000

e^0.08t = 2000/1700 = 1.176

0.08t*Lne = Ln1.176

0.08t*1 = 0.1625

t = 2.03 Years.

b. P = 1700*e^0.08t = 3400

Solve for t.

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