Sam invest $4000 in an account that compounds interest continuously and earns 5.5% how long will it take for his money to reach $80,000 round to the nearest 10th of a year

54.5 years.

Step-by-step explanation:

From the above question, we are asked to find the time

The formula for Time(t) =

t = log(A/P) / n[log(1 + r/n)]

A = Amount accumulated after a particular interest and period of time = $80,000

P = Principal (Money invested) = $4,000

r = rate = 5.5% = 0.055

n = compounding frequency = compounding continuously

n = number of days in a year × number of hours in a day

= 365 days × 24 hours = 8760

t = log(A/P) / n[log(1 + r/n)]

t = log(80,000/4,000) /8760[log(1 + 0.055/8760)]

t = log(80000 ÷ 4000) ÷ (8760 × [log(1 + 0.0000062785)]

t = 54.468367222 years

Approximately to the nearest tenth of a year, therefore, the length of time it will it take for his money to reach $80,000 is 54.5 years

the highest percentage for deaths in construction from highest to lowest is as follows: falls, struck by objects, electrocution, and caught-in/between. these four are collectively known as fatal four.

in the case of falls, the type that is responsible for the overall highest death in the category is falls from roofs.

here is a big fat