How long will it take for an investment of $4,000 to double if the investment earns interest at the rate of 6%/year compounded continuously? (Round your answer to one decimal place.) yr

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section5.4: Exponential And Logarithmic Equations
Problem 10ECP: You invest $500 at an annual interest rate of 5.25, compounded continuously. How long will it take...
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How long will it take for an investment of $4,000 to double if the investment earns interest at the rate of 6%/year
compounded continuously? (Round your answer to one decimal place.)
yr
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Transcribed Image Text:How long will it take for an investment of $4,000 to double if the investment earns interest at the rate of 6%/year compounded continuously? (Round your answer to one decimal place.) yr Need Help? Talk to a Tutor
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