Question

10,000.00 =2000e^0.08t

the time needs to be calculate a with continuous compounding how

Answer 1

20.18

Answer 2

\[2000e^{.08t} = 10,000\]
\[e^{.08t} = 5\]
\[\ln e^{.08t} = \ln 5\]
\[.08t = \ln 5\]
\[t = \frac{\ln 5}{.08}\]
\[t \approx 20.12\]

Answer 3

does that make sense?