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ALGEBRA 2 - Exponential and Logarithmic Functions April invests $500 in an account that is compounded continuously at an annual interest rate of 5%. Approximately how many years…

ALGEBRA 2 - Exponential and Logarithmic Functions April invests $500 in an account that is compounded continuously at an annual interest rate of 5%. Approximately how many years…
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ALGEBRA 2 - Exponential and Logarithmic Functions

April invests $500 in an account that is compounded continuously at an annual interest rate of 5%. Approximately how many years will it take for April’s money to double?

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User David Weiss
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1 Answer

4 votes

Answer:

It will take approximately 14.2 years for April’s money to double.

Explanation:

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User Kelly Bennett
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