2. If $500 is deposited in an account paying 8.3% annual interest, compounded continuously, how long will it take for the account to increase to $850? Please round the answer to the nearest tenth. years
2. If $500 is deposited in an account paying 8.3% annual interest, compounded continuously, how long will it take for the account to increase to $850? Please round the answer to the nearest tenth. years
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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