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Serjik [45]
3 years ago
6

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

0.05t = 150 represents the situation, where t is 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.

Mathematics
1 answer:
sertanlavr [38]3 years ago
6 0

Answer: 8 years

Step-by-step explanation:

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Step-by-step explanation:

Percentage of a certain quanitity is calculated by using the following formula

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Keywords: Percentage

Learn more about percentage at:

  • brainly.com/question/4034547
  • brainly.com/question/4054269

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