Solve the problem. 9) If $5000 is invested in an account that pays interest compounded continuously, how long will it take to grow to $10,000 at 7%?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
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Solve the problem.
9) If $5000 is invested in an account that pays
interest compounded continuously, how long
will it take to grow to $10,000 at 7%?
Transcribed Image Text:Solve the problem. 9) If $5000 is invested in an account that pays interest compounded continuously, how long will it take to grow to $10,000 at 7%?
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