A fund starts with a zero balance at time zero. The fund accumulates with a varying force of interest 2t (t2 + 1) (t > 0). A deposit of GHS100,000 is made at time 2. Calculate the number of years from the time of deposit for the fund to double.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
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Question 4
A fund starts with a zero balance at time zero. The fund accumulates with a
varying force of interest
8, =
2t
(t > 0).
(t2 + 1)
A deposit of GHS100,000 is made at time 2.
Calculate the number of years from the time of deposit for the fund to double.
Transcribed Image Text:Question 4 A fund starts with a zero balance at time zero. The fund accumulates with a varying force of interest 8, = 2t (t > 0). (t2 + 1) A deposit of GHS100,000 is made at time 2. Calculate the number of years from the time of deposit for the fund to double.
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