Lucy invested $6,000 into an account that earns 6% interest co.pounded continuously. Approximately how long will it take for Lucy's investment to be valued at $25,000?

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Rune · Answer 1 · 2020-12-23T06:11:30+0000

you set up the equation using slope intercept form. so... 25,000=0.06x+6000, then you divide both sides by 6,000 and continue. You should end up getting 69.444

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Lucy invested $6,000 into an account that earns 6% interest co.pounded continuously. Approximately how long will it take for Lucy's investment to be valued at $25,000?

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Lucy invested $6,000 into an account that earns 6% interest co.pounded continuously. Approximately how long will it take for Lucy's investment to be valued at $25,000?​

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Lucy invested $6,000 into an account that earns 6% interest co.pounded continuously. Approximately how long will it take for Lucy's investment to be valued at $25,000?