It'll take 38.3 years to obtain the desired return of $25,000.
Step-by-step explanation:
In order to solve a continuosly coumponded interest question we need to apply the correct formula that is given bellow:
M = C*e^(r*t)
Where M is the final value, C is the initial value, r is the interest rate and t is the time at which the money was applied. Since he wants an return of $25,000 his final value must be the sum of the initial value with the desired return. So we have:
<h2><em><u>This triathlon distance requires a 2.4 mile swim (3.9K), 112 mile bike (180.2K), and 26.2 mile run (42.2K). Depending on your fitness level, course conditions, and the weather on race day, you can expect to complete these three legs in about 10 to 17 hours.</u></em></h2>