Question

Kylie invested $290 in an account paying an interest rate of 2.5% compounded

continuously. Assuming no deposits or withdrawals are made, how long would it
take, to the nearest tenth of a year, for the value of the account to reach $390?

Answer 1

11.9

Explanation:

390=290e^(.025x)

x=11.85 which rounds to 11.9