Mathematics, 25.04.2020 01:56 unknown9263

An initial investment of $200 is now valued at $350. The annual interest rate is 8% compounded continuously. The equation
2000.08 - 350 represents the situation, where t is the number of years the money has been invested. About how long has the
money been invested? Use a calculator and round your answer to the nearest whole number
5 years
7 years
19 years
22 years

Answers: 3

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An initial investment of $200 is now valued at $350. The annual interest rate is 8% compounded conti...