Mathematics, 05.05.2020 22:36, xavierfox1721

An initial investment of $100 is now valued at $150. The annual interest rate is 5%, compounded
continuously. The equation 100e0.056 = 150 represents the situation, where t is the number of years the
money has been invested. About how long has the money been invested? Use your calculator and round
to the nearest whole number.
How many years?

Answers: 1

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An initial investment of $100 is now valued at $150. The annual interest rate is 5%, compounded