SOLUTION: Samantha invested $4,000 at an interest rate of 4% compounded continuously. The function represents the total amount of the investment after t years. A(t)=4,000e^(0.04t) Whic

Algebra.Com
Question 1108964: Samantha invested $4,000 at an interest rate of 4% compounded continuously. The function represents the total amount of the investment after t years.
A(t)=4,000e^(0.04t)
Which expression represents the number of years, t, required for her investment to triple?

Answer by josmiceli(19441)   (Show Source): You can put this solution on YOUR website!

After years, the investment triples




Take the natural log of both sides
( they may just want this )


yrs

RELATED QUESTIONS

Find the amount of money accumulated if you invested $25,000 at 4.3% interest for 8 years (answered by Alan3354)
How much money, invested at an interest rate of r % per year compounded... (answered by jim_thompson5910)
How much money, invested at an interest rate of r % per year compounded continuously,... (answered by Theo)
So if $100 is invested at an interest rate of 8% compounded continuously, then the amount (answered by rfer)
So if $300 is invested at an interest rate of 6% compounded continuously, then the... (answered by solver91311)
suppose that $14018 is invested at an interest rate of 6.3% per year, compounded... (answered by Theo)
An initial amount of $1300 is invested in an account at an interest rate of 4% per year... (answered by stanbon)
Find the balance (to the nearest cent) if 24, 000 is invested at an annual interest rate... (answered by stanbon)
find the amount of interest earned on $2500 invested at a 6.4% interest rate compounded... (answered by stanbon)