Find the time it takes for $7,900 to double when invested at an annual interest rate of 5%, compounded continuously. уears

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter10: Exponential And Logarithmic Functions
Section10.2: Evaluate And Graph Exponential Functions
Problem 10.31TI: Angela invested $15,000 in a savings account. If the interest rate is 4%, how much will be in the...
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(1) Find the time it takes for $7,900 to double when invested at an annual interest rate of 5%, compounded continuously.

_____ Years

(2) Find the time it takes for $790,000 to double when invested at an annual interest rate of 5%, compounded continuously.

_____ Years

Find the time it takes for $7,900 to double when invested at an annual interest rate of 5%,
compounded continuously.
years
Find the time it takes for $790,000 to double when invested at an annual interest rate of
5%, compounded continuously.
years
Transcribed Image Text:Find the time it takes for $7,900 to double when invested at an annual interest rate of 5%, compounded continuously. years Find the time it takes for $790,000 to double when invested at an annual interest rate of 5%, compounded continuously. years
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