SOLUTION: If $500 is deposited in an account paying 8.7% annual interest, compounded continuously, how long will it take for the account to increase to $800? (Round your answer to one decima

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Question 684375: If $500 is deposited in an account paying 8.7% annual interest, compounded continuously, how long will it take for the account to increase to $800? (Round your answer to one decimal place.) I have the correct formula, I just don't know how to plug in the numbers and solve.
Answer by MathTherapy(10555) About Me  (Show Source):
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If $500 is deposited in an account paying 8.7% annual interest, compounded continuously, how long will it take for the account to increase to $800? (Round your answer to one decimal place.) I have the correct formula, I just don't know how to plug in the numbers and solve.

A+=+Pe%5E%28rt%29

800+=+500%28e%29%5E%28.087%2At%29

Solve for t

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