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2. If $500 is deposited in an account paying 8.3% annual interest, compounded continuously, how long will it take for the account to increase to $850? Please round the answer to the nearest tenth. years

2. If $500 is deposited in an account paying 8.3% annual interest, compounded continuously, how long will it take for the account to increase to $850? Please round the answer to the nearest tenth. years

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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2. If $500 is deposited in an account paying 8.3% annual interest, compounded continuously, how long will it take for the account to increase to $850? Please round the answer to the nearest tenth. years
Transcribed Image Text:2. If $500 is deposited in an account paying 8.3% annual interest, compounded continuously, how long will it take for the account to increase to $850? Please round the answer to the nearest tenth. years
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