How do I solve this exponential equation problem?

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1 Answer
Roy D.
May 22, 2018

23.105 years

Explanation:

$6000 = $3000 e^{0.03 * T }
2 = e^{0.03T}
0.03 T = ln(2)
T = \frac{ln(2)}{0.03} \approx 23.10390602...

Thus it will take 23.105 years

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