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Mackenzie invested 770 in an account paying an interest rate of 6.1% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach 1,830?

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解答

Mackenzieinvested770inanaccountpayinganinterestrateof6.1%compoundedcontinuously.Assumingnodepositsorwithdrawalsaremade,howlongwouldittake,tothenearestyear,forthevalueoftheaccounttoreach1,830?

解答

Time:14.19
求解步骤
Translate the problem into an equation:1830=770e0.061t
求解 t,1830=770e0.061t:t=14.19
Time:14.19

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