5.414 You invest $3500 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 = 0.0445(a) double(b) tripleyryr

For compounded continuously A=pert p=initial amount r=rate of interest t=time in years A=Amount at…

Answered: You invest $3500 in an account at…

Trigonometry (MindTap Course List)

10th Edition

ISBN:9781337278461

Author:Ron Larson

Publisher:Ron Larson

Chapter5: Exponential And Logarithmic Functions

Section5.4: Exponential And Logarithmic Equations

Problem 72E: Compound Interest In Exercises 71 and 72, you invest $2500 in an account at interest rate r,...

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You invest $3500 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 plac r = 0.0445 (a) double (b) triple yr yr