II. Solve. 2.) Tim invests $1000 into an account in which interest is compounded continuously. If the interest rate is 2.5%, how long until Tim doubles his investment? (Round to the nearest year.) eni olduob of no iclunoy aas not beniupm ei nsriw 00E- ew

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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II. Solve.
2.) Tim invests $1000 into an account in which interest is compounded continuously. If the interest
rate is 2.5%, how long until Tim doubles his investment? (Round to the nearest year.) T (
e ni slduob of no teluooy ars not beniupen ei
Transcribed Image Text:II. Solve. 2.) Tim invests $1000 into an account in which interest is compounded continuously. If the interest rate is 2.5%, how long until Tim doubles his investment? (Round to the nearest year.) T ( e ni slduob of no teluooy ars not beniupen ei
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