Find the time it takes for $6,400 to double when invested at an annual interest rate of 4%, compounded continuously. years

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.1: Exponential Functions And Their Graphs
Problem 5SC
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Find the time it takes for $6,400 to double when invested at an annual interest rate of 4%, compounded
continuously.
years
Transcribed Image Text:Find the time it takes for $6,400 to double when invested at an annual interest rate of 4%, compounded continuously. years
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