Suppose $6000 is invested at 5% interest compounded continuously. How long will it take for the investment to grow to $12000? Use the model A(t) = Pet and round your answer to the nearest hundredth of a year. %3D It will take years for the investment to reach $12000.
Suppose $6000 is invested at 5% interest compounded continuously. How long will it take for the investment to grow to $12000? Use the model A(t) = Pet and round your answer to the nearest hundredth of a year. %3D It will take years for the investment to reach $12000.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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