An initial of the $100 is now valuated at $150. the annual interest rate is 5%, compounded continuously. the equation 100e^0.05=150 represents the situation, where t is the number of years the money has been invested. about how long has the money been invested. use calculator to round to the nearest whole number.

8 years approximately

The problem (I'm assuming is):

Solve .

I put a t in the problem where I suspected it in went.

Step-by-step explanation:

Divide both sides by 100:

Rewrite in logarithm form.

Divide both sides by 0.05:

Put left hand side into calculator:

So about 8 years if I wrote down the equation correctly.

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take good notes.

do your homework.

use mnemonics and other tricks.

do practice tests.

note: the best i know.

step-by-step explanation:

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