Ken makes a monthly income of $3000 after taxes. every month, he spends 40% of his income on clothing. how much money does ken spend on new clothes every month?

An initial investment of $100 is now valued at $150. the annual interest rate is 5%, compounded continuously. the equation 100e0.05t = 150 represents the situation, where t is the number of years the money has been invested. about how long has the money been invested? use your calculator and round to the nearest whole number. years