Originally Posted by

**fw_mathis** I can't seem to get these problems solved. I have attempted to follow examples given, but I continue to get stuck at a certain point in the process. Please can someone help? Thanks kindly.:confused:

**Bank Account**

**If a bank compounds continuous, then the formula becomes simpler, that is A=P e^(rt) where ***e* is a constant and equals approximately 2.7183. Calculate *A* with continuous compounding. Round your answer to the hundredth's place.

**Now suppose, instead of knowing ***t*, we know that the bank returned to us $25,000 with the bank compounding continuously. Using logarithms, find how long we left the money in the bank (find *t*). Round your answer to the hundredth's place.

**A commonly asked question is, "How long will it take to double my money?" At 8% interest rate and continuous compounding, what is the answer? Round your answer to the hundredth's place.**