$7000 is deposited in an account earning 8% interest compounded continuously. Use the continuous interest formula below to determine how long it takes for the amount in the account to double. Round answer to 2 decimal places. A = Pert years.
$7000 is deposited in an account earning 8% interest compounded continuously. Use the continuous interest formula below to determine how long it takes for the amount in the account to double. Round answer to 2 decimal places. A = Pert years.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 5E
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