Answer:
Explanation:
If I got it right, we have:
- Formula Pf = P0*e^(rt)
- Pf = 75709
- P0 = 1349
- r = 25% = 0.25
- t = ?
Substitute the given values and solve for t:
- 75709 = 1349*e^(0.25t)
- e^(0.25t) = 75709/1349
- e^(0.25t) = 56.1223
- ln e^(0.25t) = ln 56.1223
- 0.25t = 4.03
- t = 4.03/0.25
- t = 16.12 hr