Answer:
239 Feet
Step-by-step explanation:
Check the picture below. So the parabola looks more or less like so.
let's recall that the vertex is half-way between the focus point and the directrix, at "p" units away from both.
Let's notice that the focus point is below the directrix, that means the parabola is vertical, namely the squared variable is the "x", and it also means that it's opening downwards as you see in the picture, namely that "p" is negative, in this case "p" is 1 unit, and thus is -1.
![\bf \textit{parabola vertex form with focus point distance} \\\\ \begin{array}{llll} 4p(x- h)=(y- k)^2 \\\\ \stackrel{\textit{we'll use this one}}{4p(y- k)=(x- h)^2} \end{array} \qquad \begin{array}{llll} vertex\ ( h, k)\\\\ p=\textit{distance from vertex to }\\ \qquad \textit{ focus or directrix} \end{array} \\\\[-0.35em] \rule{34em}{0.25pt}\\\\ \begin{cases} h=-2\\ k=5\\ p=-1 \end{cases}\implies 4(-1)(y-5)=[x-(-2)]^2\implies -4(y-5)=(x+2)^2 \\\\\\ y-5=-\cfrac{1}{4}(x+2)^2\implies y=-\cfrac{1}{4}(x+2)^2+5](https://tex.z-dn.net/?f=%5Cbf%20%5Ctextit%7Bparabola%20vertex%20form%20with%20focus%20point%20distance%7D%20%5C%5C%5C%5C%20%5Cbegin%7Barray%7D%7Bllll%7D%204p%28x-%20h%29%3D%28y-%20k%29%5E2%20%5C%5C%5C%5C%20%5Cstackrel%7B%5Ctextit%7Bwe%27ll%20use%20this%20one%7D%7D%7B4p%28y-%20k%29%3D%28x-%20h%29%5E2%7D%20%5Cend%7Barray%7D%20%5Cqquad%20%5Cbegin%7Barray%7D%7Bllll%7D%20vertex%5C%20%28%20h%2C%20k%29%5C%5C%5C%5C%20p%3D%5Ctextit%7Bdistance%20from%20vertex%20to%20%7D%5C%5C%20%5Cqquad%20%5Ctextit%7B%20focus%20or%20directrix%7D%20%5Cend%7Barray%7D%20%5C%5C%5C%5C%5B-0.35em%5D%20%5Crule%7B34em%7D%7B0.25pt%7D%5C%5C%5C%5C%20%5Cbegin%7Bcases%7D%20h%3D-2%5C%5C%20k%3D5%5C%5C%20p%3D-1%20%5Cend%7Bcases%7D%5Cimplies%204%28-1%29%28y-5%29%3D%5Bx-%28-2%29%5D%5E2%5Cimplies%20-4%28y-5%29%3D%28x%2B2%29%5E2%20%5C%5C%5C%5C%5C%5C%20y-5%3D-%5Ccfrac%7B1%7D%7B4%7D%28x%2B2%29%5E2%5Cimplies%20y%3D-%5Ccfrac%7B1%7D%7B4%7D%28x%2B2%29%5E2%2B5)
Answer:
Approximately 22.97 years
Step-by-step explanation:
Use the equation for continuously compounded interest, which uses the exponential base "e":

Where P is the principal (initial amount of the deposit - unknown in our case)
A is the accrued value (value accumulated after interest is compounded), in our case it is not a given value but we know that it triples the original deposit (principal) so we write it as: 3 P (three times the principal)
k is the interest rate : 5% which translates into 0.05
and t is the time in the savings account to triple its value (what we need to find)
The formula becomes:

To solve for "t" we divide both sides of the equation by P (notice it cancels P everywhere), and then to solve for the exponent "t" we use the natural logarithm function:


