Question

An initial investment of $200 is now valued at $350. The annual interest rate is 8% compounded continuously. The

Answer 1

Answer:

7 years

Step-by-step explanation:

An initial investment of $200 is now valued at $350. The annual interest rate is 8% compounded continuously. The equation represents the situation, where t is the number of years the money has been invested. About how long has the money been invested? Use a calculator and round your answer to the nearest whole number.