Compound Interest $3000 is invested in an account at interest rate r, compounded continuously. Find the time in years required for the amount to double and triple. (Round your answers to two decimal places.) r = 5.5% (a) double yr (b) triple yr
Compound Interest $3000 is invested in an account at interest rate r, compounded continuously. Find the time in years required for the amount to double and triple. (Round your answers to two decimal places.) r = 5.5% (a) double yr (b) triple yr
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 36E
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$3000 is invested in an account at interest rate r, compounded continuously. Find the time in years required for the amount to double and triple. (Round your answers to two decimal places.)
r = 5.5%
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