7
QuizMultiple Choice

Base e — Unit test

Question 7 • LCSD-CR-Mathematics for College Algebra-S2-1200710

An initial investment of $200 is now valued at $350. The annual interest rate is 8% compounded continuously. The equation represents the situation, where t is the number of years the money has been invested. About how long has the money been invested? Use a calculator and round your answer to the nearest whole number.

Question illustration
Answer
A
5 years
B
7 years
C
19 years
D
22 years
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An initial investment of $200 is now valued at…