Sam invest $4000 in an account that compounds interest continuously and earns 5.5% how long will it take for his money to reach $80,000 round to the nearest 10th of a year

54.5 years.

Step-by-step explanation:

From the above question, we are asked to find the time

The formula for Time(t) =

t = log(A/P) / n[log(1 + r/n)]

A = Amount accumulated after a particular interest and period of time = $80,000

P = Principal (Money invested) = $4,000

r = rate = 5.5% = 0.055

n = compounding frequency = compounding continuously

n = number of days in a year × number of hours in a day

= 365 days × 24 hours = 8760

t = log(A/P) / n[log(1 + r/n)]

t = log(80,000/4,000) /8760[log(1 + 0.055/8760)]

t = log(80000 ÷ 4000) ÷ (8760 × [log(1 + 0.0000062785)]

t = 54.468367222 years

Approximately to the nearest tenth of a year, therefore, the length of time it will it take for his money to reach $80,000 is 54.5 years

describing distributions is one of the key skills you’ll need to earn a high score on the ap statistics exam. if you need proof of this, just flip through some past exam questions, which can be found at the collegeboard website. you’ll notice that the first free response question is almost always a question requiring you to look at a graph and describe it.

step-by-step explanation: just trying to get points sorry : (

i can't solve unless i know what the line is

step-by-step explanation:

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