Lucy invested $6,000 into an account that earns 6% interest compounded continuously. Approximately how long will it take for Lucy's investment to be valued at $25,000?

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.CR: Chapter 2 Review
Problem 124CR
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Lucy invested $6,000 into an account that
earns 6% interest compounded continuously.
Approximately how long will it take for Lucy's
investment to be valued at $25,000?
Transcribed Image Text:Lucy invested $6,000 into an account that earns 6% interest compounded continuously. Approximately how long will it take for Lucy's investment to be valued at $25,000?
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