Answer:
Distribute the 3
Step-by-step explanation:
order of operations mate
The formula for continuous compounding is given by
A = P.
where P is the initial or principal amount = $40,000
A is the amount at the end =$ 110,000
r is the rate of interest = 6% = 0.06
t is the time = the value we need to find
lets plug in the values
㏑(2.75) = ㏑[]
㏑(2.75) = 0.06t
t= 16.86 years
The time taken for $40000 to amount to $110000 is 16.86 years