4
QuizMultiple Choice

Solving Exponential and Logarithmic Equations

Question 4 of 10 • [INMT3] Integrated Math 3 Sem 1 (26-27)

Carlene is saving her money to buy a $500 desk. She deposits $400 into an account with an annual interest rate of 6% compounded continuously. The equation represents the situation, where t is the number of years the money needs to remain in the account. About how long must Carlene wait to have enough money to buy the desk? Use a calculator and round your answer to the nearest whole number.

Question illustration
Answer
A
4 years
B
7 years
C
9 years
D
20 years
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