document.write( "Question 933690: How long will it take for $9800 to grow to $14,500 at an interest rate of 6.1% if the interest is compounded continuously? Round the number of years to the nearest hundredth. \n" ); document.write( "
Algebra.Com's Answer #566973 by ewatrrr(24785)\"\" \"About 
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A = P e ^(rt)
\n" ); document.write( "A/P = e ^(rt)
\n" ); document.write( "ln(A/P) = rt
\n" ); document.write( "ln(A/P)/r = t
\n" ); document.write( "ln(14500/9800)/.061 = t = 6.42yr (Rounded to the nearest hundredth)
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