How long before an account with initial deposit of $73 compounded continuously at 11.65% annual rate becomes $883? (Round your answer to 2 decimal places.) Number years

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 25PS
icon
Related questions
Question
How long before an account with initial deposit of $73 compounded continuously at 11.65% annual rate becomes $883? (Round your answer to 2 decimal
places.)
Number
years
Transcribed Image Text:How long before an account with initial deposit of $73 compounded continuously at 11.65% annual rate becomes $883? (Round your answer to 2 decimal places.) Number years
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Recommended textbooks for you
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage