Thanos just opened a savings account with an initial deposit of $20,000. The account pays 5% annual interest and is compounded continuously. Assuming that no other deposits or withdrawals are made, how many years will it be until the value of Thanos' account is $40,000? Round to the nearest integer. Do not include units.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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E VIEW LIST
Thanos just opened a savings account with an initial deposit of $20,000.
The account pays 5% annual interest and is compounded continuously.
Assuming that no other deposits or withdrawals are made, how many years
will it be until the value of Thanos' account is $40,000?
Round to the nearest integer. Do not include units.
€ ∞
αΩ [g] {8 18
II lim
+
1
> ≤E
+÷ Cun
-
DID
√0
√0
% Vo
1
8
4
(0) [0]
101 {0}
H
X
TT
Transcribed Image Text:E VIEW LIST Thanos just opened a savings account with an initial deposit of $20,000. The account pays 5% annual interest and is compounded continuously. Assuming that no other deposits or withdrawals are made, how many years will it be until the value of Thanos' account is $40,000? Round to the nearest integer. Do not include units. € ∞ αΩ [g] {8 18 II lim + 1 > ≤E +÷ Cun - DID √0 √0 % Vo 1 8 4 (0) [0] 101 {0} H X TT
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