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Pete deposited $8,000 into an account that compounds continuously at a rate of
3.7%. Which equation will calculate how long it will take for his money to grow to
$10,000?
OB Pet
OB=Pet
OB Pet
OB Pet
=
=
10,000 = 8,000e³.7t; Then, solve for t.
8,000 = 10,000e3.7t; Then, solve for t.
8,000 = 10,000e-037t; Then, solve for t.
10,000 = 8,000e-037t; Then, solve for t.
Sagot :
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