You invest $3200 in an account earning 5% annual interest compounded continuously.

a) Write an exponential function for the amount A in the account after t years.

b) Find the inverse of this function by solving for t. This will allow you to determine how long it will take for the account to accumulate a certain amount A. t = ln ()

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1 December, 21:43

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Tess Butler · Answer 1

1) A (t) = 3200e^ (0.05t)

2) t=[ in (A/3200) : in (e) ]:0.05