You invest $2100 in an account at interest rate r, compounded continuously. Find the time required for the amount to double and triple. (Round your answers to two decimal places.) r= 0.017 (a) double yr (b) triple yr Additional Materials eBook

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section5.4: Exponential And Logarithmic Equations
Problem 10ECP: You invest $500 at an annual interest rate of 5.25, compounded continuously. How long will it take...
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You invest $2100 in an account at interest rate r, compounded continuously. Find the time required for the amount to double and triple. (Round your answers to two decimal places.)
r = 0.017
(a) double
yr
(b) triple
yr
Additional Materials
DeBook
Transcribed Image Text:You invest $2100 in an account at interest rate r, compounded continuously. Find the time required for the amount to double and triple. (Round your answers to two decimal places.) r = 0.017 (a) double yr (b) triple yr Additional Materials DeBook
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