$3250 is invested at 5.5% compounded continuously. How long will it take for the balance to reach $6500? Round your answer to two decimal places, if necessary.
$3250 is invested at 5.5% compounded continuously. How long will it take for the balance to reach $6500? Round your answer to two decimal places, if necessary.
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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$3250 is invested at 5.5% compounded continuously. How long will it take for the balance to reach $6500? Round your answer to two decimal places, if necessary.
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