missm5392
missm5392 missm5392
  • 24-09-2021
  • Mathematics
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LammettHash
LammettHash LammettHash
  • 24-09-2021

You want to find the time t such that

[tex]\$1000 = \$200 e^{0.04t}[/tex]

Divide both sides by $200 :

[tex]\dfrac{\$1000}{\$200} = 5 = e^{0.04t}[/tex]

Take the logarithm of both sides:

[tex]\ln(5) = \ln(e^{0.04t}) = 0.04t\ln(e) = 0.04t[/tex]

Divide both sides by 0.04 and solve for t :

[tex]t = \dfrac{\ln(5)}{0.04} \approx 40.24 \approx \boxed{40}[/tex]

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