Suppose $15000 is invested at 7% interest compounded continuously. How long will it take for the investment to grow to $30000? Use model A(t)=pert  How many years will it take to reach 30000 ?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter10: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 442RE: Jerome invests $18,000 at age 17. He hopes the investments will be worth $30,000 when he turns 26....
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Suppose $15000 is invested at 7% interest compounded continuously. How long will it take for the investment to grow to $30000?

Use model A(t)=pert 

How many years will it take to reach 30000 ?

 

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