Answer:
5.93 years
Step-by-step explanation:
The continuous compounding formula tells you the amount after t years will be ...
A = Pe^(rt) . . . . principal P compounded continuously at annual rate r for t years
7400 = 5500e^(0.05t)
ln(7400/5500) = 0.05t . . . . divide by 5500, take natural logs
t = 20×ln(74/55) ≈ 5.93
It will take about 5.93 years for $5500 to grow to $7400.
The first poster is not an accurate representation of the painting, but the second poster is an accurate representation because the ratio between the first and original lengths did not equal the ratio between the first and original widths but the second poster's ratios were equal.
