How many years will it take for an initial investment of $10,000 to grow to $35,000? Assume a rate of interest of 8% compounded continuously. It will take about years for the investment to grow to $35,000. (Round to two decimal places as needed.)

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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How many years will it take for an initial investment of $10,000 to grow to $35,000? Assume a rate of interest of 8%
compounded continuously.
It will take about years for the investment to grow to $35,000.
(Round to two decimal places as needed.)
Transcribed Image Text:How many years will it take for an initial investment of $10,000 to grow to $35,000? Assume a rate of interest of 8% compounded continuously. It will take about years for the investment to grow to $35,000. (Round to two decimal places as needed.)
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