10. You invest $1000 at an annual interest rate of 3. 5% compounded continuously. How long will it take your money to double? Use the compounded interest formula A(t) = pert.
10. You invest $1000 at an annual interest rate of 3. 5% compounded continuously. How long will it take your money to double? Use the compounded interest formula A(t) = pert.
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.2: The Natural Exponential Function
Problem 2E
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