How long will it take for the money in an account that is compounded continuously at 4% interest to sextuple.

1 answer:

Radda [10]3 years ago

4 0

Answer:

t = 44.79 years

Step-by-step explanation:

6 = $e^{.04t}$

ln(6) = .04t ln(e)

ln(6)/.04 =t

t = 44.79

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