five thousand dollars is deposited into a savings account that has interest compounded continuously. suppose after 3 years the account has grown to six thousand dollars. A.) find the yearly interest rate r for this savings account B.) how long will it take for the initial balance to double

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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five thousand dollars is deposited into a savings account that has interest compounded continuously. suppose after 3 years the account has grown to six thousand dollars. A.) find the yearly interest rate r for this savings account B.) how long will it take for the initial balance to double
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