Epa is investing $2500 at 6% per annum, with interest compounded continuously. She wants to come up with a formula that gives the approximate length of time, t in years, that it will take for the investment to become k times as big, i.e. doubling, tripling, etc. (a multiple of k times the original amount). Which one of the following is the correct formula? 10 1- In 0.06 O 0.06 In k 0.06 In(2500 k-2500) 0.06 O O t= 1-
Epa is investing $2500 at 6% per annum, with interest compounded continuously. She wants to come up with a formula that gives the approximate length of time, t in years, that it will take for the investment to become k times as big, i.e. doubling, tripling, etc. (a multiple of k times the original amount). Which one of the following is the correct formula? 10 1- In 0.06 O 0.06 In k 0.06 In(2500 k-2500) 0.06 O O t= 1-
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
Section4.2: The Natural Exponential Function
Problem 2E
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