You invest $2100 in an account at an interest rate r, compounded continuously. Find the time required for the amount to double and triple. (Round your answer to two decimal places.) r = 0.015 a) double ________yr b) triple __________yr
You invest $2100 in an account at an interest rate r, compounded continuously. Find the time required for the amount to double and triple. (Round your answer to two decimal places.) r = 0.015 a) double ________yr b) triple __________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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You invest $2100 in an account at an interest rate r, compounded continuously. Find the time required for the amount to double and triple. (Round your answer to two decimal places.)
r = 0.015
a) double ________yr
b) triple __________yr
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