Question 866856
How long (in years) would $700 have to be invested at 12.1%, compounded continuously, to earn $300 interest?
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{{{FV = PV*e^(r*t)}}}
{{{1000 = 700*e^(0.121t)}}}
{{{e^(0.121t) = 1000/700}}}
0.121t = ln(10/7)
t = ln(10/7)/0.121
t =~ 2.95 years