Originally Posted by
nikkkk Suppose on Jan 1, 1997 Dave invested $2,000 into a bank account at 5% interest compounded continuously. Let y(t) be the value of Dave's investment after t years.
Also on Jan 1, 1997 John decides to invest. He put $2,500 into an account at
3% interest compounded monthly. Let g(t) be the value of John's investment after t years.
To the nearest tenth, at what time t is the value of both accounts the same?
So I know you set ;
2000e^(.03)t = 2,500 (1 + .03/12) ^ (12)t
How do you go about solving?