Awoman invests $5800 in an account that pays 6% interest per year, compounded continuously.
a) what is the amount after 2 years? (round your answer to the nearest cent.)
b) how long will it take for the amount to be $8000? (round your answer to two decimal places.)

Part a)  

Part b)  

Step-by-step explanation:

we know that

The formula to calculate continuously compounded interest is equal to

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest in decimal  

t is Number of Time Periods  

e is the mathematical constant number

Part a) What is the amount after 2 years?

we have  

substitute in the formula above  

Part b) How long will it take for the amount to be $8000?

we have  

substitute in the formula above  and solve for t

Applying ln both sides

Remember that

ln(e)=1

go hook jvc hgv cj xk jvc 6756

0.84 dang lotta people are looking for this lol or if you round up its 1 but the overall answer to that is 0.84

step-by-step explanation: