How many years will it take for an initial investment of $10,000 to grow to $15,000? Assume a rate of interest of 13% compunded continuosly. It will take about __ years for the investment to grow to $15,000. (Round to two decimal places as needed) Thank you!

How many years will it take for an initial investment of $10,000 to grow to $15,000? Assume a rate of interest of 13% compunded continuosly. It will take about __ years for the investment to grow to $15,000. (Round to two decimal places as needed) Thank you!

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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Question

How many years will it take for an initial investment of $10,000 to grow to $15,000? Assume a rate of interest of 13% compunded continuosly.

It will take about __ years for the investment to grow to $15,000.

(Round to two decimal places as needed)

Thank you!

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