How long will it take for an investment of $3,000 to double in value if the interest rate is 6.5% per year, compounded continuously? Please round your answer to two decimal places.
How long will it take for an investment of $3,000 to double in value if the interest rate is 6.5% per year, compounded continuously? Please round your answer to two decimal places.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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How long will it take for an investment of $3,000 to double in value if the interest rate is 6.5% per year, compounded continuously? Please round your answer to two decimal places.
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