Chapter 5 - 5.4 - Exponential and Logarithmic Equations - 5.4 Exercises - Page 396: 72

(a) $t=18.48~years$ (b) $t=29.30~years$

$A=Pe^{rt}~~$ (Continuous compounding) $A=2500e^{0.0375t}$ (a) We want $A=5000$ $5000=2500e^{0.0375t}$ $2=e^{0.0375t}$ $\ln2=\ln e^{0.0375t}$ $\ln2=0.0375t$ $t=\frac{\ln2}{0.0375}=18.48~years$ (b) We want $A=7500$ $7500=2500e^{0.0375t}$ $3=e^{0.0375t}$ $\ln3=\ln e^{0.0375t}$ $\ln3=0.0375t$ $t=\frac{\ln3}{0.0375}=29.30~years$