COMPOUND INTEREST How quickly will money double if it is invested at an annual interest rate of 7% compounded continuously? O a. 9.9 years O b. 7.2 years O c. 2.7 years O d. 9 years O e. None among the choices. O f. 10.2 years

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.5: Exponential And Logarithmic Equations
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APPLIED CALCULUS (UPVOTE WILL BE GIVEN. PLEASE WRITE THE SOLUTIONS LEGIBLY. NO LONG EXPLANATION NEEDED. BOX THE FINAL ANSWER.)
COMPOUND INTEREST How quickly will
money double if it is invested at an annual interest
rate of 7% compounded continuously?
O a. 9.9 years
O b. 7.2 years
O c. 2.7 years
O d.
9 years
O e. None among the choices.
O f.
10.2 years
Transcribed Image Text:COMPOUND INTEREST How quickly will money double if it is invested at an annual interest rate of 7% compounded continuously? O a. 9.9 years O b. 7.2 years O c. 2.7 years O d. 9 years O e. None among the choices. O f. 10.2 years
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