Precalculus - Exponential and Logarithmic Equations Mike Kallenberg deposited some money

Misael Matthews

Misael Matthews

Answered question

2022-06-15

Precalculus - Exponential and Logarithmic Equations
Mike Kallenberg deposited some money in a bank account that earns 5.6% interest compounded continuously. How long would it take to double the amount in money in Mr. Kallenberg's account?

Answer & Explanation

trajeronls

trajeronls

Beginner2022-06-16Added 21 answers

2 P = P e .056 t
Dividing by P gets me
2 = e .056 t
Now to undo the exponent, you take the natural log, ln, of each side...
ln 2 = ln e .056 t = .056 t
Can you take it from here?

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