The time needed to double OMR 21000 invested with interest rate 5.3 % per year compounded continuously is approximately: Select one: 17.33 days 10.83 years 10.8 % 13.08 years

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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The time needed to double OMR 21000 invested with interest rate 5.3 % per year compounded continuously is approximately:
Select one:
17.33 days
10.83 years
10.8 %
13.08 years
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