Answer
$t=8.7$ years
Work Step by Step
$P=8000, r=8\%=0.08, A=2p=16000$
$A=Pe^{rt}$
$16000=8000e^{0.08t}$
$2=e^{0.08t}$
$\ln 2=0.08t$
$t=8.66$ rounded to one decimal
$t=8.7$ years
Intermediate Algebra for College Students (7th Edition)
by Blitzer, Robert F.
Published by
Pearson
ISBN 10:
0-13417-894-7
ISBN 13:
978-0-13417-894-3
Chapter 9 - Section 9.5 - Exponential and Logarithmic Equations - Exercise Set - Page 728: 107
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
