10
QuizMultiple Choice

Modeling with Exponential and Logarithmic Equations

Question 10 • VA-Mathematical Analysis

Malia is trying to answer the question, "How many years would it take for an initial investment of $20,000 to grow to $80,000, with an 8.5% annual interest rate compounded continuously?” Which equation should Malia use?

Answer
A
80,000 = 20,000e8.5t
B
20,000 = 80,000e8.5t
C
80,000 = 20,000e 0.085t
D
20,000 = 80,000e 0.085t