Question

If $ 2500 is invested in an account that pays interest compounded continuously, how long will it take to grow to $ 5000 at 3%? Round to the nearest tenth

Answer 1

this is a log questionExponential & Logarithmic Functions

Answer 2

The equation would be 2500*1.03^x=5000

Answer 3

1.03^x=5000/2500=2

Answer 4

thanks

Answer 5

but I taught log where simplying the equation or i'm wrong

Answer 6

You have to solve x... (I didn't finish :p)