Concept explainers
Time Required to Reach a Goal If Tanisha has to invest at per annum compounded monthly, how long will it be before she has ? If the compounding is continuous, how long will it be?
To find: Time Required to Reach a Goal If Tanisha has to invest at per annum compounded monthly, how long will it be before she has ? If the compounding is continuous, how long will it be?
Answer to Problem 39AYU
Solution:
a. years long will it be before she has compounded monthly.
b. years long will be if the compounding is continuous.
Explanation of Solution
Given:
and
Calculation:
a. and
Taking on both sides
years
b.
Taking on both sides
years
Chapter 5 Solutions
Precalculus
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