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

2000.08 - 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
5 years
7 years
19 years
22 years

2 Answers

3 votes

Answer:

the answer is b

Explanation:

edge 2020

User Jagraj Singh
by
4.9k points
0 votes
The anwser would be 7 years
User Sudhir Bastakoti
by
5.2k points