Can you tell us your reasoning, so that we can help identify were you areOriginally Posted by kwtolley
The amount A in an account after t years from an initial principle P invested at an annual rate r compounded continuously is given by A =Pe^rt where r is expressed as a decimal. How many years will it take an initial investment of $1,000 to grow to $1,700 at a rate of 4.42% compounded continuously?
My answer is 11 years is this right. thanks for checking.