imthatsavageboi
imthatsavageboi
18.12.2020 • 
Mathematics

Michelle deposited $1,600 into an account that is compounded continuously with an annual interest rate of 8%. After t years, there was $3,200 in the account. Based on the given information, if the formula for continuously compounded interest, A=Pe^rt where P represents the initial amount of money, r represents the annual interest rate (as a decimal), t represents the number of years, and A represents the amount of money after t years, how many years had the money been in the account? Express your answer as a logarithm.

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