document.write( "Question 1073134: How many years will it take for an initial investment of $250,000 to grow to $800,000? Assume a rate of interest of 8% per year compounded continuously?
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Algebra.Com's Answer #687980 by Fombitz(32388) $\"\"$ $\"About$

You can put this solution on YOUR website!
$\"P=Fe%5E%28rt%29\"$
\n" ); document.write( " $\"800000=250000e%5E%280.08t%29\"$
\n" ); document.write( " $\"e%5E%280.08t%29=3.2\"$
\n" ); document.write( " $\"0.08t=ln%283.2%29\"$
\n" ); document.write( " $\"t=ln%283.2%29%2F0.08\"$
\n" ); document.write( " $\"t=%2825%2F2%29ln%283.2%29\"$ $\"years\"$ \n" ); document.write( "

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