OpenStax, Intermediate Algebra 2e §10.5 Solve Exponential and Logarithmic Equations · Exercise 58 · Algebra · Exponentials & logarithms

Solve Exponential and Logarithmic Equations · Exercise 58

Solve.

Alice invests $\$ 15,000 $a t a g e 30 f r o m t h es i g nin g b o n u so f h er n e w j o b . S h e h o p es t h e in v es t m e n t s w i l l b e w or t h$ $ 30,000$ when she turns 40. If the interest compounds continuously, approximately what rate of growth will she need to achieve her goal?

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OpenStax, Intermediate Algebra 2e · §10.5 Solve Exponential and Logarithmic Equations · Exercise 58

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Checked against the answer in OpenStax, Intermediate Algebra 2e.