An initial investment of $100 is now valued at $150. The annual interest rate is 5%, compounded continuously. The equation 100e0
.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.
An initial investment of $100 is now valued at $150. The annual interest rate is 5%, compounded continuously. The equation represents the situation, where t is the number of years the money has been invested.
To find out how long has the money invested we need to find out 't'
If you divide the number of serves in by 2 ( number that he lands in for every 6 serves) and then multiply by 4 ( number that land out for every 6 serves), you get 52 serves out.
