00:01
So hello in this question it is given that a woman invest dollar 6 ,300 in an account at a rate of 6 % and it is compounded continuously.
00:13
Okay, it is compounded continuously.
00:20
So in question it is given, we need to find how much time is required to get an amount equal to 1 ,000, 11 ,000.
00:35
Okay, so we need to find the time at which the total amount sums to 11 ,000.
00:47
So for finding amount when it is compounded continuously, we have an equation that is total amount.
00:56
It is a total amount is a.
00:59
Total amount is equal to p into e rise to r p by 100.
01:05
P is the principal r is the rating percentage and t, is time okay so we will substitute the values in this equation so total amount here is 1 ,000 11 ,000 equal to p once every 1st 3 300 6300 into a rise to r is 6 6 into time we need to find 6 into 2 divided by 100 okay so we can this 6 ,300 to left side.
01:55
So it will become 11 ,000 divided by 6 ,300.
02:01
Its value is 1 .746.
02:05
So 1 .746 is equal to p rise to 0 .06...