Question

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?​

Answer 1

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