Given an interest rate of 1.0% compounded continuously and starting principal of $5000, determine the number of years to acquire an accumulated amount of $15000. Round your answer up to the nearest year. years

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Given an interest rate of 1.0% compounded continuously and starting principal of $5000, determine the
number of years to acquire an accumulated amount of $15000. Round your answer up to the nearest
year.
Check
years
Transcribed Image Text:Given an interest rate of 1.0% compounded continuously and starting principal of $5000, determine the number of years to acquire an accumulated amount of $15000. Round your answer up to the nearest year. Check years
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