document.write( "Question 38400: This question really has me stumped. Now suppose, instead of knowing t, we know tht the bank returned us $25,000 with the bank compounding continuously. Using logarithms, find how long we left the money in the bank (find t)
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document.write( "P= 25,000, R= .08, t=?\r
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document.write( "I could really use some help with this one. Thanks, Christine \n" );
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Algebra.Com's Answer #23902 by Nate(3500)![]() ![]() ![]() You can put this solution on YOUR website! I=PRT or interest is principle * rate * time \n" ); document.write( "(total amount - initial amount)=PRT \n" ); document.write( "(25000 - 25000) = 25000(.08)t \n" ); document.write( "0 = 2000t \n" ); document.write( "0 = t \n" ); document.write( " |