So you have to find k first so it started with 5000 so that's A P would be 6500 and t is 5 and you solve for k 6500=5000e^k(5)
Once you find the k value then you can use that as k, use 5000 as A and your t would be 16 and you would solve for P
Well how do I find out what k is?
6500=5000e^5k 6500/5000=e^5k ln(6500/5000)=5k ln(6500/5000)/5=k
So k would be 1.3?
No k=0.052 you didn't do the ln of it or divide by 5
ln is the inverse of e
So my final equation would be p=5000e^0.052*16 ?
Yes and solving for p is the answer you want
Ok thanks you!(:
No problem happy to help!
So it seems as if my answer is wrong, what should I get for the answer?
What did you get?
1195.48, I don't see how I got this
I got 11489.6
Alright, I guess I'll just have to keep trying, thanks for the help though(: