document.write( "Question 1032586: Sandy is tracking the performance of one of Atlantic Cycles' savings accounts. $10,000 was deposited into this account which earns 2.25% interest compounded continuously. How many years will it take until the account balance doubles if no withdrawals or additional deposits are made? \r
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document.write( "I set up problem as: $20,000= $10,000*2.718281828459(.0225x). I got 32 years as answer but this was wrong. Please help. Thank you. \n" );
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Algebra.Com's Answer #647260 by LinnW(1048)![]() ![]() You can put this solution on YOUR website! It should be $20,000= $10,000*2.718281828459^(.0225x)\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Using www.wolframalpha.com for the calculation, \n" ); document.write( "we get x = 30.8065 \n" ); document.write( "Using wolfram again for 10000*2.718281828459^(.0225*30.8065) \n" ); document.write( "we get 19999.98138881 \n" ); document.write( "Finally lets check 20000 = 10000*2.718281828459^(.0225*x) \n" ); document.write( "This also produces x = 30.8065 as well \n" ); document.write( "I hope this helps.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |