Ask Question
17 February, 21:51

An initial investment of $200 is now valued at $350. The annual interest rate is 8% compounded continuously. The equation

2000.081 - 350 represents the situation, where t is the number of years the money has been invested. About how long has the

money been invested? Use a calculator and round your answer to the nearest whole number.

+2
Answers (1)
  1. 17 February, 23:34
    0
    Answer: 7 years

    Explanation:

    Substitute the given numbers into the equation, let D=350, P=200, and R=0.08.

    N=7 years, which is the number of years for 200 to become 350.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An initial investment of $200 is now valued at $350. The annual interest rate is 8% compounded continuously. The equation 2000.081 - 350 ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers