Anna invests $7,000 in an account that compounds interest continuously and earns 7.5%. How long will it take for her
money to reach $105,000? Round to the nearest tenth of a year.
In need of help !!

It will take 36.1 years for her money to reach $105,000.

Step-by-step explanation:

The amount of money earned after t years in continuous interest is given by:

In which P(0) is the initial investment and r is the interest rate, as a decimal.

Anna invests $7,000 in an account that compounds interest continuously and earns 7.5%.

This means that

How long will it take for her money to reach $105,000?

This is t for which P(t) = 105000.

It will take 36.1 years for her money to reach $105,000.

over the argument its not good to fight.

b

2

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b

b

3

+

7

b

2

+

14

b

+

6

%

−

3

b

3

+

7

b

2

+

14

b

+

6

%

step-by-step explanation: