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11 May, 10:09

An initial investment of $100 is now valued at $150. The annual interest rate is 5%, compounded

continuously. The equation 100e0.05 = 150 represents the situation, where t is the number of years the

money has been invested. About how long has the money been invested? Use your calculator and round

to the nearest whole number.

years

DONE

+3
Answers (2)
  1. 11 May, 10:35
    0
    8 years

    Step-by-step explanation:

    An initial investment of $100 is now valued at $150. The annual interest rate is 5%, compounded continuously. The equation represents the situation, where t is the number of years the money has been invested.

    To find out how long has the money invested we need to find out 't'

    , solve for t

    divide both sides by 100

    Now to remove 'e' we take ln on both sides

    the value of

    Now divide by 0.05 on both sides

    t = 8.10930

    The money is invested for 8 years
  2. 11 May, 11:46
    0
    8 years

    Step-by-step explanation:

    it is on edge 2020 and got it correct.
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