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OpenStudy (anonymous):
How many years will it take for a $50 investment to grow to $5000 if it is compounded continuously at a rate of 5%? Round to two decimal places. Do not include units in your answer A(t) = P*e^(r*t)
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OpenStudy (amistre64):
5000 = 50(e^(.05t)) 500/50 = e^(.05t) ln(100) ------ = t .05
OpenStudy (anonymous):
so whats the answer
OpenStudy (amistre64):
this is a study site, not a free answering service ....
OpenStudy (anonymous):
ok?
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