SOLUTION: If $15,000 is invested and gains 6.65% interest compounded continuously, in how many years will you have $400,000.

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Question 751162: If $15,000 is invested and gains 6.65% interest compounded continuously, in how many years will you have $400,000.
Answer by josgarithmetic(39838) About Me  (Show Source):
You can put this solution on YOUR website!
highlight%28A=Pe%5E%280.0665t%29%29
A%2FP=e%5E%280.0665t%29
ln%28A%2FP%29=ln%28e%5E%280.0665t%29%29
ln%28A%2FP%29=0.0665t%2Aln%28e%29
ln%28A%2FP%29=0.0665%2At%2A1
.
highlight%28t=%281%2F0.0665%29%2Aln%28A%2FP%29%29

Use values as A=40000 and P=15000