If $8500 is invested at 11.5% compounded continuously, the future value of S at any time t (in years) is given by S = 8500 e 0.115t a)      What is the amount after 18 months? b)     How long before the investment doubles?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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If $8500 is invested at 11.5% compounded continuously, the future value of S at any time t (in years) is given by S = 8500 e 0.115t

a)      What is the amount after 18 months?

b)     How long before the investment doubles?

 

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