18. Suppose $7,800 is invested in an account at an annual interest rate of 4.3% compounded continuously. How long (to the nearest tenth of a year) will it take the investment to double in size?
18. Suppose $7,800 is invested in an account at an annual interest rate of 4.3% compounded continuously. How long (to the nearest tenth of a year) will it take the investment to double in size?
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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