document.write( "Question 468306: Suppose you invest $130 at 4% compounded continuously.
\n" ); document.write( "a. Write an exponential function to model the amount in your investment account.
\n" ); document.write( "b. Explain what each value in the function model represents.
\n" ); document.write( "c. In how many years will the total reach $600? Show your work. \n" ); document.write( "

Algebra.Com's Answer #321320 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

 
\n" );
document.write( "Hi,
\n" );
document.write( "invest $130 at 4% compounded continuously
\n" );
document.write( " A = Pe^(rt) where P is the amount Invested, r the rate, t the number of years\r
\n" );
document.write( "\n" );
document.write( "$600 = $130 e^.04t
\n" );
document.write( "ln(600/130) = .04t
\n" );
document.write( " 1.5294/.04 = t
\n" );
document.write( "   38.2349yrs = t \n" );
document.write( "

\n" );