if $2000 is invested at 5%, compounded continuosly for t years, the value, A of the investment is given according to the formula A= Ao e^0.05t a) determine how long it takes for the investment to double in value.

if $2000 is invested at 5%, compounded continuosly for t years, the value, A of the investment is given according to the formula A= Ao e^0.05t a) determine how long it takes for the investment to double in value.

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

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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if $2000 is invested at 5%, compounded continuosly for t years, the value, A of the investment is given according to the formula A= Ao e^0.05t

a) determine how long it takes for the investment to double in value.

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