The time required to double the amount of an investment at an interest rate r compounded continuously is given by In(2) Find the time required to double an investment at 4%, 5%, and 6%. (Round your answers to one decimal place.) 4% interest yr 5% interest yr 6% interest yr

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
Section4.2: The Natural Exponential Function
Problem 36E
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The time required to double the amount of an investment at an interest rate r compounded continuously is given by
t = In(2)
Find the time required to double an investment at 4%, 5%, and 6%. (Round your answers to one decimal place.)
4% interest
yr
5% interest
yr
6% interest
yr
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Transcribed Image Text:The time required to double the amount of an investment at an interest rate r compounded continuously is given by t = In(2) Find the time required to double an investment at 4%, 5%, and 6%. (Round your answers to one decimal place.) 4% interest yr 5% interest yr 6% interest yr Need Help? Read It Watch It
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