ayannaregino13 ayannaregino13

17-05-2022
Mathematics

contestada

PLEASE HELP

Jasmine has saved $2500 to buy a used car, but she needs $3500 to buy the car she wants. If she places the $2500 into an account paying 6.5% interest compounded continuously, how many years will it be before she has the $3500 needed to purchase her car?

2.5 years
6.9 years
3.7 years
5.2 years

Respuesta :

georgepahno georgepahno

17-05-2022

Answer:

about 5.2 years

Step-by-step explanation:

[tex]2500 {e}^{.065t} = 3500[/tex]

[tex]t = 5.2[/tex]

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