If an account with initial amount of 2000 dollars earns 10% interest compounded continuously, how long does it take for the amount of money in the account to double?

Q: Soon after taking an aspirin, a patient has absorbed 300 milligrams of the drug. If the amount of…

A: ount of asprin decays exponentiallyf(t) = Ae-ktat t = 0 ,   300 = Ae0⇒ A = 300

Q: Suppose you deposit money in an investment account that pays 5% annual interest compounded…

A: r=5%=0.05 Let P be the invested money and let it be doubled in t years.

Q: Suppose that $8000 is invested at an interest rate of 5.2% per year, compounded continuously. What…

A: Principal= P= $8000 Interest rate = 5.2%= 0.052 Final amount = double of 8000=16000

Q: How long, to the nearest year, will it take me to become a millionaire if I invest $3000 at 9%…

A:

Q: Soon after taking an aspirin, a patient has absorbed 300 milligrams of the drug. If the amount of…

A: We will solve the exponential model for the Aspirin decay

Q: If I invest $25,000 in a savings account with a 5.75% interest rate which is compounded…

A:

Q: Aaliyah invested $350 in an account paying an interest rate of 4% compounded continuously. Assuming…

A: Solving the problem by finding the value after 20 years.

Q: Kimi invests $4,000 at 3% interest compounded continuously. How much money will she have in4 years?

A:

Q: A stock portfolio increased in value from $100,000 to $117,000 in 2 years. What rate of interest,…

A: To find: The rate of interest, compound continuously. Given: The stock portfolio increased from…

Q: If $35,000 is invested at 2.9% interest compounded continuously, how long will it take for the…

A:

Q: Suppose that the annual interest rate on your checking account is 8 percent compounded continuously.…

A: Given that:  Interest rate, r=8%                       Amount after 7 years, A=$6300…

Q: How long (in years) would $500 have to be invested at 8%, compounded continuously, to amount to…

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Q: Jaidee invests $1,966 in a savings account with a fixed annual interest rate of 2.45% compounded…

A: The formula for continuous compound interest is given by A = Pert Where A is future value P is the…

Q: How much money invested at 5% compounded continuously for 3 years will result in $82

A:

Q: If $5,000 is deposited in an account that receives 6.1% interest compounded continuously, how much…

A: Given, Initial amount deposited, P=$5,000Rate of interest, r=6.1%=0.61

Q: How long, to the nearest year, will it take an investment to double if it is continuously compounded…

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Q: If 7000 dollars is invested in a bank account at an interest rate of 5 per cent per year, compounded…

A: Given that, the initial amount is P=7000 interest rate is r=5%, compounding period is p=1 and final…

Q: the amount of money you have in an account will triple after 10 years if it is compounded…

A:

Q: Find the present value of $2000 to be received in 10 years, if money may be invested at 8% with…

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Q: Eli invested $9,400 in an account paying an interest rate of 2.3% compounded continuously. Assuming…

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Q: find the present value of 4,000 to be received in 5 years, if money may be invested at 7.1% with…

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Q: If 3000 dollars is invested in a bank account at an interest rate of 4 per cent per year, compounded…

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Q: If $2000 is invested at 6% interest, find the amounts due to the nearest cent at the end of 4 years…

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Q: If $12,000 is deposited in an account paying 8% interest per year, compounded continuously, how long…

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Q: A person places $5000 in an account that accrues interest compounded continuously. Assuming no…

A: Amount of $5000 is placed in an account that compounded continuously for 7 years with the rate of…

Q: If $500 is deposited in an account paying 8.3% annual interest, compounded continuously, how long…

A: We know that, the formula for continuous compounding is given by A=Pert            ⋯⋯1 Where, P =…

Q: Jose invests $10,000 at 10% interest that is compounded continuously. Which is the value after 10…

A: We have to find compound amount

Q: $35,000 is invested at 2.9% interest compounded continuously, how long will it take for the account…

A: Given: $35,000 is invested at 2.9% interest compounded continuously. To find: How long will it take…

Q: Elizabeth is going to invest $480 and leave it in an account for 8 years. Assuming the interest is…

A:

Q: If $4,000 is invested at 8% compounded continuously, graph the amount in the account as a function…

A: P=$4,000 , r=8%=0.08 Now by using compound interest formula for continuously compounding, we have…

Q: How many years will it take $10,000 to grow to $18,800 if it is invested at 4.75% compounded​…

A:

Q: If 3000 dollars is invested in a bank account at an interest rate of 4 per cent per year, compounded…

A:

Q: Soon after taking an aspirin, a patient has absorbed 300 milligrams of the drug. If the amount of…

A: Given that the aspirin decays exponentially. Therefore, use the exponential model to find the…

Q: suppose we put $2000 into an account earning 10% interest compounded continuously. how long will it…

A: $2000 into an account earning 10% interest compounded continuously

Q: How much money must be invested now at 10% interest compounded continuously so that $120,000 will be…

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Q: Maria decides to put all of her money into an account with a 20% annual interest rate, compounded…

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Q: Assume that there are no deposits or withdrawals. An initial investment of $4,000 earns 8.6%…

A: given that amount is compounded continuously.        compound interest formula is given by…

Q: Find the amount after 3 years if $1000 is invested at an interest rate of 12% per year, compounded…

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Q: Suppose your great-great grandfather invested $300 earning 3.5% interest compounded continuously 100…

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Q: If $8000 is invested at 6% compounded continuously, what is the amount after 2 years? The amount…

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Q: A principal of RM2000 is invested at 10% interest compounded continuously. After how many days will…

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Q: Find the present value of $1000 payable at the end of 3 years, if money may be invested at 8% with…

A: This is a question based on compound interest. we have to calculate on the basis of continuous…

Q: how long will it take to have a final balance of $100,000 if $1,000 is invested at 5% interest rate…

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Q: Find the time it takes for $7,800 to double when invested at an annual interest rate of 14%,…

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Q: How much money must be deposited today to become $2450 in 60 years at 6.5% compounded continuously?

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Q: Find the time it takes for $5,800 to double when invested at an annual interest rate of 5%,…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…