document.write( "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.) \n" ); document.write( "
Algebra.Com's Answer #522544 by Alan3354(69443) 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? \n" ); document.write( "------------ \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "0.121t = ln(10/7) \n" ); document.write( "t = ln(10/7)/0.121 \n" ); document.write( "t =~ 2.95 years\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |