document.write( "Question 868590: how long will it take an investment of $1700 to mature to $4000? assume a rate of interest of 2% compounded continuously. \n" ); document.write( "

Algebra.Com's Answer #523691 by Fombitz(32388) $\"\"$ $\"About$

You can put this solution on YOUR website!
$\"4000=1000e%5E0.02t\"$
\n" ); document.write( " $\"4=e%5E0.02t\"$
\n" ); document.write( " $\"0.02t=ln%284%29\"$
\n" ); document.write( " $\"t=50ln%284%29\"$
\n" ); document.write( " $\"t=50%281.386%29\"$
\n" ); document.write( " $\"t=69.3\"$ years \n" ); document.write( "

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