How many years will it take $8,000 to grow to $12,900 if it is invested at 3.25% compounded​ continuously?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
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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How many years will it take

$8,000

to grow to

$12,900

if it is invested at

3.25%

compounded​ continuously?

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