Malia is trying to answer the question, "How many years would it take for an initial investment of $20,000 to grow to $80,000, with an 8.5% annual interest rate compounded continuously?” Which equation should Malia use?
80,000 = 20,000e8.5t
20,000 = 80,000e8.5t
80,000 = 20,000e 0.085t
20,000 = 80,000e 0.085t
Its C. 80,000 = 20,000e^0.085t