Malia is trying to answer the question, "How many years would it take for an initial investment of $20,000 to grow to $80,000, with an 8.5% annual interest rate compounded continuously?” Which equation should Malia use?

Question

Revolt · Accepted Answer

80,000 = 20,000e 0.085t

Modeling with Exponential and Logarithmic Equations

Malia is trying to answer the question, "How many years would it take for an initial investment of $20,000 to grow to $80,000, with an 8.5% annual interest rate compounded continuously?” Which equation should Malia use?

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