O EXPONENTIAL AND LOGARITHMIC FUNCTIONSMaxFinding the rate or time in a word problem on continuous expone...EspañolSuppose that $1700 is invested at an interest rate of 4.75% per year, compounded continuously. After how many years will the initial investment be doubled?Do not round any intermediate computations, and round your answer to the nearest hundredth.?yearsEEAa

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Asked Sep 27, 2019
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O EXPONENTIAL AND LOGARITHMIC FUNCTIONS
Max
Finding the rate or time in a word problem on continuous expone...
Español
Suppose that $1700 is invested at an interest rate of 4.75% per year, compounded continuously. After how many years will the initial investment be doubled?
Do not round any intermediate computations, and round your answer to the nearest hundredth.
?
years
EE
Aa
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O EXPONENTIAL AND LOGARITHMIC FUNCTIONS Max Finding the rate or time in a word problem on continuous expone... Español Suppose that $1700 is invested at an interest rate of 4.75% per year, compounded continuously. After how many years will the initial investment be doubled? Do not round any intermediate computations, and round your answer to the nearest hundredth. ? years EE Aa

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Expert Answer

Step 1

Given,

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Principal (P) S1700 Rate(r) 4.75%compound continuously Time (t)?

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Step 2

So, Amount is g...

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A = Pe .(1)

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