3 years ago

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

Mathematics

1 answer:

Dmitry_Shevchenko [17]3 years ago

6 0

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.

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