How long (in years) will it take a $200 investment to be worth $300 if it is continuously compounded at 12% per year? (Give the answer to two decimal places.) 33.78 X yr

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section5.4: Exponential And Logarithmic Equations
Problem 10ECP: You invest $500 at an annual interest rate of 5.25, compounded continuously. How long will it take...
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How long (in years) will it take a $200 investment to be worth $300 if it is continuously compounded at 12% per year? (Give the answer to two decimal places.)
33.78
X yr
Transcribed Image Text:How long (in years) will it take a $200 investment to be worth $300 if it is continuously compounded at 12% per year? (Give the answer to two decimal places.) 33.78 X yr
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