Question

1000e^.03= 2000

Answer 1

i guess 'e' isnt that constant with value 2.71 in here.. so..

take 1000 to rhs and divide 2000. next take log. and get the answer, which you post and verify!

Answer 2

You're missing a variable somewhere...

Answer 3

where at?

Answer 4

where is 'x'?

Answer 5

and e is the constant value of 2.71.

Answer 6

yes i know, e is not the variable

Answer 7

its solving for how long it takes 1000 to double at a constant rate of 3%

Answer 8

y = P*e^(0.03t)

2000 = 1000*e^(0.03t)

2000/1000 = e^(0.03t)

2 = e^(0.03t)

ln(2) = 0.03t

ln(2)/0.03 = t

23.1049 = t

t = 23.1049


So it will take approximately 23.1049 years