6.7.39 Question Help If Tanisha has $ 100 to invest at 5% per annum compounded quarterly, how long will it be before she has $ 150? If the compounding is continuous, how long will it be? Compounding quarterly, it will be about years before Tanisha has $ 150. (Round to two decimal places as needed.)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 8E
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6.7.39
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If Tanisha has $ 100 to invest at 5% per annum compounded quarterly, how long will it be before she has $ 150? If the compounding is continuous, how long will it be?
Compounding quarterly, it will be about
years before Tanisha has $ 150.
(Round to two decimal places as needed.)
Transcribed Image Text:6.7.39 Question Help If Tanisha has $ 100 to invest at 5% per annum compounded quarterly, how long will it be before she has $ 150? If the compounding is continuous, how long will it be? Compounding quarterly, it will be about years before Tanisha has $ 150. (Round to two decimal places as needed.)
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