simple interest; A=P(1+rt)
compound interest; A=P(1+r/m)^mt
continuous compound interest; A=Pe^rt
I just can't seem to get my answer to match what is in the textbook. :(
How many years (to two decimal places) will it take $5,000 to grow to $7,500 if invested at 8% compounded semiannually? Compounded continuously? Thank you!