Use the continuous compound interest formula to find the ind

Use the continuous compound interest formula to find the indicated value. A = $75,000, P = $55, 784, r = 7 4%, t = ? t = years

Solution

ANSWER :-

Given A=$75000, P = $55784 ,r = 7.4%

Continuous Compound interest A= Pe^rt

                                                    75000 = 55784 * e ^0.074t

                                                             t = 4 years