The amount A of dollars accumulated after t years through an investment of An dollars at an interest rate of r, Age The doubling time of an investment compounded continuously, can be determined from the function A = is the time required for an investment to double in value. Find the doubling time (rounded to 3 decimal places) for an investment made at a. 9 % interest compounded continuously years b. 10 % interest compounded continuously. years c. 12 % interest compounded continuously. years
The amount A of dollars accumulated after t years through an investment of An dollars at an interest rate of r, Age The doubling time of an investment compounded continuously, can be determined from the function A = is the time required for an investment to double in value. Find the doubling time (rounded to 3 decimal places) for an investment made at a. 9 % interest compounded continuously years b. 10 % interest compounded continuously. years c. 12 % interest compounded continuously. years
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.CR: Chapter Review
Problem 11CC
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