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Suppose that $1,000 is invested at 5% interest compounded continuously. Use the formula A = Pe rt . (a) How long (to the nearest day)

Suppose that $1,000 is invested at 5% interest compounded continuously. Use the formula

A = Pe^rt.

(a) How long (to the nearest day) before the value is $1,250? years, days (b) How long (to the nearest day) before the money doubles? years, days (c) What is the interest rate (compounded continuously and rounded to the nearest tenth of a percent) if the money doubles in 5 years? %

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