SOLUTION: A woman invests $6500 in an account that pays 6% interest per year, compounded continuously. (a) What is the amount after 3 years? (Round your answer to the nearest cent.) $_____

Algebra ->  Equations -> SOLUTION: A woman invests $6500 in an account that pays 6% interest per year, compounded continuously. (a) What is the amount after 3 years? (Round your answer to the nearest cent.) $_____      Log On


   

Question 1157139: A woman invests $6500 in an account that pays 6% interest per year, compounded continuously.
(a) What is the amount after 3 years? (Round your answer to the nearest cent.)
$_______

(b) How long will it take for the amount to be $10,000? (Round your answer to two decimal places.)
_______yrs
Found 2 solutions by Alan3354, josgarithmetic:
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
$_______
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_______yrs
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Don't post the underscores.

Answer by josgarithmetic(39630) About Me  (Show Source):
You can put this solution on YOUR website!
y=6500e%5E%280.06x%29
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After three years
6500e%5E%280.06%2A3%29
highlight%287781.9%29

Time to reach 10000 dollars
10000=6500e%5E%280.06x%29
Solve for x.