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Mathematics, 05.05.2020 22:36 xavierfox1721
An initial investment of $100 is now valued at $150. The annual interest rate is 5%, compounded
continuously. The equation 100e0.056 = 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.
How many years?
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Answers: 1
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An initial investment of $100 is now valued at $150. The annual interest rate is 5%, compounded
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