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An initial investment of $100 is now valued at $150. The annual interest rate is 5%, compounded

continuously. The equation 100e0.056 = 150 represents the situation, where tis the number of years the
money has been invested. About how long has the money been invested? Use your calculator and round
to the nearest whole number.

User Alex Mamo
by
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1 Answer

2 votes

Answer:

the answer is 8 years.

Explanation:

User Folorunso
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