SOLUTION: How long (in years) would $700 have to be invested at 12.1%, compounded continuously, to earn $300 interest? (Round your answer to two decimal places.)

Question 866856: How long (in years) would $700 have to be invested at 12.1%, compounded continuously, to earn $300 interest? (Round your answer to two decimal places.)
Found 2 solutions by ewatrrr, Alan3354:
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

Hi
A = P e ^(rt), A = $700 + $300

Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
How long (in years) would $700 have to be invested at 12.1%, compounded continuously, to earn $300 interest?
------------

0.121t = ln(10/7)
t = ln(10/7)/0.121
t =~ 2.95 years

RELATED QUESTIONS
How long (in years) would $700 have to be invested at 11.7%, compounded continuously, to... (answered by jim_thompson5910)
How long (in years) would $600 have to be invested at 11.2%, compounded continuously, to... (answered by ankor@dixie-net.com)
How long (in years) would $11,000 have to be invested at 7% compounded continuously to... (answered by greenestamps)
How much would $300 invested at 9% interest compounded continuously be worth after 3... (answered by nerdybill)
1. If you lend $3600 to a friend for 15 months at 10% annual simple interest, find the... (answered by stanbon)
How much would $300 invested at 7% interest compounded continuously be worth after 4... (answered by solver91311)
How much would $700 be worth after 8 years, if it were invested at 5% interest compounded (answered by Alan3354)
How much would $150 invested at 8% interest compounded continuously be worth after 17... (answered by stanbon)
how much money has to be invested at 5.9% interest compounded continuously to have $15000 (answered by stanbon)