Sam invests $4,000 in an account that compounds interest continuously and earns 5.5%. How long will it take for his money to reach $80,000? Round to the nearest tenth of a year. Provide your answer below:
Sam invests $4,000 in an account that compounds interest continuously and earns 5.5%. How long will it take for his money to reach $80,000? Round to the nearest tenth of a year. Provide your answer below:
Chapter10: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 443RE: Elise invests $4500 in an account that compounds interest monthly and earns 6%. How long will it...
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Transcribed Image Text:Sam invests $4,000 in an account that compounds interest continuously and earns 5.5%. How
long will it take for his money to reach $80,000? Round to the nearest tenth of a year.
Provide your answer below:
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