Question

An account with $300 gains 0. 5% annual interest compounded continuously. How

many years would it take to reach $600? Round to the nearest whole year and type

your answer into the box.

Formula: A=

Pert

Answer 1

139

Explanation:

A = Pe^rt

A = 600$

P = 300$

R = 0.005

T = ?

600 = 300e^(0.005)(t)

t = 138.63