Question:

The savings in a bank account can be modeled using S=1250e045t, where t is the number of years the money has been in the account.

Last updated: 8/14/2022

The savings in a bank account can be modeled using S=1250e045t, where t is the number of years the money has been in the account.

The savings in a bank account can be modeled using S=1250e045t, where t is the number of years the money has been in the account. Determine, to the nearest tenth of a year, how long it will take for the amount of savings to double from the initial amount deposited of $1250.