Question: help please 7.8 CI Solve the exponential growth/decay problem. Round your answer to the nearest tenth. A savings account balance is compounded continuously. If the

help please
help please 7.8 CI Solve the exponential growth/decay problem. Round your answer

7.8 CI Solve the exponential growth/decay problem. Round your answer to the nearest tenth. A savings account balance is compounded continuously. If the balance was $1193.41 5.2 years ago and the current balance is $1477.00, in how many years will the balance reach $2162.60

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!