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An initial investment of $200 is now valued at $350. The annual interest rate is 8% compounded continuously. The

equation 200e0.08t=350 represents the situation, where t is the number of years the money has been invested. About
how long has the money been invested? Use a calculator and round your answer to the nearest whole number.
O 5 years
O 7 years
O 19 years
O
22 years

User Amaneureka
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2 Answers

2 votes
answer 1, five years!
User Claes Wikner
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5 votes

The money has been invested for approximately 5 years.

User Ben Shoval
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