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CAT Question & Answer Key Resources Grade 10 Mathematics PT and CAT Master Course (Entered in Quill)

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If $10,000 is invested in a mutual fund that gives a return at an interest rate of 8% compounded continuously, we could find the amount of money in the fund after t years using the continuous compounding amount formula,\(\textit{ }A=Pe^{rt}\) where A is the amount in the fund after t years, p is the principal,r is the interest rate, and t is time in years. Which expression would be used to find the time it would take for the fund made $35,000?


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