If 8000 dollars is invested in a bank account at an interest rate of 10 per cent per year, compounded continuously. How many years will it take for your balance to reach 40000 dollars? NOTE: Give your answer to the nearest tenth of a year.
If 8000 dollars is invested in a bank account at an interest rate of 10 per cent per year, compounded continuously. How many years will it take for your balance to reach 40000 dollars? NOTE: Give your answer to the nearest tenth of a year.
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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