marberman
marberman marberman
  • 24-07-2021
  • Mathematics
contestada

How long will it take for the money in an account that is compounded continuously at 4% interest to sextuple.

Respuesta :

loconte loconte
  • 24-07-2021

Answer:

t = 44.79 years

Step-by-step explanation:

6 =  [tex]e^{.04t}[/tex]

ln(6) = .04t ln(e)

ln(6)/.04 =t  

t = 44.79

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