At what interest rate must $5000 be compounded annually to  equal $7116.56 after 9yr? 2. Find the doubling time for an amount invested at a growth rate 6% per year compounded continuously. 3. A certain radioactive isotope has a half life approximately 1500 years. How many years to the nearest year would be required for a given amount of this isotope to decay to 70% of that month?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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solve the problems.

1. At what interest rate must $5000 be compounded annually to  equal $7116.56 after 9yr?

2. Find the doubling time for an amount invested at a growth rate 6% per year compounded continuously.

3. A certain radioactive isotope has a half life approximately 1500 years. How many years to the nearest year would be required for a given amount of this isotope to decay to 70% of that month?

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