fortuneteke1 fortuneteke1
  • 12-05-2022
  • Mathematics
contestada

Kevin invest $2,000 at 4.6% compounded continuously. How long will it take him to have $3,700

Respuesta :

okikiolu3
okikiolu3 okikiolu3
  • 12-05-2022

Answer:

t=In(37/20)/0.046

Step-by-step explanation:

p=2000

r=0.046

A=3700

t=?

3700=2000e^0.046t

switch sides

2000e^0.046t=3700

Divide both sides by 2000

$2000e^0.046t/2000=$3700/2000

Simplify

e^0.046=37/20

Apply exponent rules

0.046=37/20

Solve 0.046t = ln(37/20)

t=In(37/20)/0.046

Answer Link

Otras preguntas

Here is the questions
The perimeter of a rectangular garden is 43.8 feet its length is 12.4 feet. What is its width?
Explain to Erica what inappropriate internet usage on the job look like.
An irrational number is a number that can not be written as a __________.
Do Now 9-8-20: Write a short paragraph that tells what you wish your previous teachers knew about you. How would this have helped you? Write your answer in 3-4
a car is traveling at 60km per hour is stopped in 6 seconds. How far does it travel in this time?
What is the difference between a molecule and a compound and an atom, need help
given the replacement set {0, 1, 2,3 4,}, solve 6x - 3=3
Read the sentences. Marlene thinks clowns are scary. She refuses to go to the circus with us. I feel bad leaving her home. Which answer best combines the senten
what does bacon rebellion tell us about colonial slavery