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PLEASE HELP

Jasmine has saved $2500 to buy a used car, but she needs $3500 to buy the car she wants. If she places the $2500 into an account paying 6.5% interest compounded continuously, how many years will it be before she has the $3500 needed to purchase her car?

2.5 years
6.9 years
3.7 years
5.2 years

1 Answer

0 votes

Answer:

about 5.2 years

Explanation:


2500 {e}^(.065t) = 3500


t = 5.2

User Joseph Ferris
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