SOLUTION: I would like some help with this question... A=Pe^rt, where (e)is a constant and equals approximately 2.7183. We know the bank returned to us $25,000 with the bank compounding c

Algebra ->  Algebra  -> Exponential-and-logarithmic-functions -> SOLUTION: I would like some help with this question... A=Pe^rt, where (e)is a constant and equals approximately 2.7183. We know the bank returned to us $25,000 with the bank compounding c      Log On

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Question 68046: I would like some help with this question...
A=Pe^rt, where (e)is a constant and equals approximately 2.7183. We know the bank returned to us $25,000 with the bank compounding continuously. Using logarithms, find how long we left the money in the bank (find t). Round your answer to the hundredth's place.


Answer by stanbon(48569) About Me  (Show Source):
You can put this solution on YOUR website!
A=Pe^rt, where (e)is a constant and equals approximately 2.7183. We know the bank returned to us $25,000 with the bank compounding continuously. Using logarithms, find how long we left the money in the bank (find t). Round your answer to the hundredth's place.
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The 25000 is the value of "A" in the formula.
You are asked to find t but you have said nothing
about P, which is the amount invested, and r which
is the rate.
Cannot do the problem without the missing figures.
Cheers,
Stan H.