BuyFindarrow_forward

Calculus (MindTap Course List)

11th Edition
Ron Larson + 1 other
ISBN: 9781337275347

Solutions

Chapter
Section
BuyFindarrow_forward

Calculus (MindTap Course List)

11th Edition
Ron Larson + 1 other
ISBN: 9781337275347
Textbook Problem

Compound Interest In Exercises 39-44, complete the table for a savings account in which interest is compounded continuously.

Initial Investment Annual Rate Time to Double Amount After 10 Years

$ 1000

12 %

_____ _____

To determine

To calculate: The total time required to double the initial investment and the amount in the account after 10 years for a savings account in which interest is compounded continuously.

Explanation

Given:

Initial investment - $1000 and annual rate of interest is 12%.

The interest on the savings account is compounded annually.

Formula used:

We can use Growth and decay model y=Cekt

Calculation:

Consider the expression:

y=Cekt …… (1)

We have initial investment, C=1000 and also the annual rate, k=12100.

For doubling the initial investment, y=2C

By putting the above values, k=12100 and y=2C in equation (1), we get:

y=Cekt2C=Ce12100t2=e0.12tln(2)=ln(e0.12t)

By simplifying further,

0

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started
Sect-6.1 P-11ESect-6.1 P-12ESect-6.1 P-13ESect-6.1 P-14ESect-6.1 P-15ESect-6.1 P-16ESect-6.1 P-17ESect-6.1 P-18ESect-6.1 P-19ESect-6.1 P-20ESect-6.1 P-21ESect-6.1 P-22ESect-6.1 P-23ESect-6.1 P-24ESect-6.1 P-25ESect-6.1 P-26ESect-6.1 P-27ESect-6.1 P-28ESect-6.1 P-29ESect-6.1 P-30ESect-6.1 P-31ESect-6.1 P-32ESect-6.1 P-33ESect-6.1 P-34ESect-6.1 P-35ESect-6.1 P-36ESect-6.1 P-37ESect-6.1 P-38ESect-6.1 P-39ESect-6.1 P-40ESect-6.1 P-41ESect-6.1 P-42ESect-6.1 P-43ESect-6.1 P-44ESect-6.1 P-45ESect-6.1 P-46ESect-6.1 P-47ESect-6.1 P-48ESect-6.1 P-49ESect-6.1 P-50ESect-6.1 P-51ESect-6.1 P-52ESect-6.1 P-53ESect-6.1 P-54ESect-6.1 P-55ESect-6.1 P-56ESect-6.1 P-57ESect-6.1 P-58ESect-6.1 P-59ESect-6.1 P-60ESect-6.1 P-61ESect-6.1 P-62ESect-6.1 P-63ESect-6.1 P-64ESect-6.1 P-65ESect-6.1 P-66ESect-6.1 P-67ESect-6.1 P-68ESect-6.1 P-69ESect-6.1 P-70ESect-6.1 P-71ESect-6.1 P-72ESect-6.1 P-73ESect-6.1 P-74ESect-6.1 P-75ESect-6.1 P-76ESect-6.1 P-77ESect-6.1 P-78ESect-6.1 P-79ESect-6.1 P-80ESect-6.1 P-81ESect-6.1 P-82ESect-6.1 P-83ESect-6.1 P-84ESect-6.1 P-85ESect-6.1 P-86ESect-6.1 P-87ESect-6.1 P-88ESect-6.1 P-89ESect-6.1 P-90ESect-6.1 P-91ESect-6.1 P-92ESect-6.1 P-93ESect-6.1 P-94ESect-6.1 P-95ESect-6.1 P-96ESect-6.2 P-1ESect-6.2 P-2ESect-6.2 P-3ESect-6.2 P-4ESect-6.2 P-5ESect-6.2 P-6ESect-6.2 P-7ESect-6.2 P-8ESect-6.2 P-9ESect-6.2 P-10ESect-6.2 P-11ESect-6.2 P-12ESect-6.2 P-13ESect-6.2 P-14ESect-6.2 P-15ESect-6.2 P-16ESect-6.2 P-17ESect-6.2 P-18ESect-6.2 P-19ESect-6.2 P-20ESect-6.2 P-21ESect-6.2 P-22ESect-6.2 P-23ESect-6.2 P-24ESect-6.2 P-25ESect-6.2 P-26ESect-6.2 P-27ESect-6.2 P-28ESect-6.2 P-29ESect-6.2 P-30ESect-6.2 P-31ESect-6.2 P-32ESect-6.2 P-33ESect-6.2 P-34ESect-6.2 P-35ESect-6.2 P-36ESect-6.2 P-37ESect-6.2 P-38ESect-6.2 P-39ESect-6.2 P-40ESect-6.2 P-41ESect-6.2 P-42ESect-6.2 P-43ESect-6.2 P-44ESect-6.2 P-45ESect-6.2 P-46ESect-6.2 P-47ESect-6.2 P-48ESect-6.2 P-49ESect-6.2 P-50ESect-6.2 P-51ESect-6.2 P-52ESect-6.2 P-53ESect-6.2 P-54ESect-6.2 P-55ESect-6.2 P-56ESect-6.2 P-57ESect-6.2 P-58ESect-6.2 P-59ESect-6.2 P-60ESect-6.2 P-61ESect-6.2 P-62ESect-6.2 P-63ESect-6.2 P-64ESect-6.2 P-65ESect-6.2 P-66ESect-6.2 P-67ESect-6.2 P-68ESect-6.3 P-1ESect-6.3 P-2ESect-6.3 P-4ESect-6.3 P-5ESect-6.3 P-6ESect-6.3 P-7ESect-6.3 P-8ESect-6.3 P-9ESect-6.3 P-10ESect-6.3 P-11ESect-6.3 P-12ESect-6.3 P-13ESect-6.3 P-14ESect-6.3 P-15ESect-6.3 P-16ESect-6.3 P-17ESect-6.3 P-18ESect-6.3 P-19ESect-6.3 P-20ESect-6.3 P-21ESect-6.3 P-22ESect-6.3 P-23ESect-6.3 P-25ESect-6.3 P-26ESect-6.3 P-27ESect-6.3 P-28ESect-6.3 P-29ESect-6.3 P-30ESect-6.3 P-31ESect-6.3 P-32ESect-6.3 P-33ESect-6.3 P-34ESect-6.3 P-35ESect-6.3 P-36ESect-6.3 P-37ESect-6.3 P-38ESect-6.3 P-39ESect-6.3 P-40ESect-6.3 P-41ESect-6.3 P-42ESect-6.3 P-43ESect-6.3 P-44ESect-6.3 P-45ESect-6.3 P-46ESect-6.3 P-47ESect-6.3 P-48ESect-6.3 P-63ESect-6.3 P-64ESect-6.3 P-66ESect-6.3 P-67ESect-6.3 P-69ESect-6.3 P-70ESect-6.3 P-71ESect-6.3 P-72ESect-6.3 P-73ESect-6.3 P-74ESect-6.3 P-75ESect-6.3 P-76ESect-6.3 P-77ESect-6.3 P-78ESect-6.3 P-79ESect-6.3 P-80ESect-6.3 P-81ESect-6.3 P-82ESect-6.3 P-83ESect-6.3 P-84ESect-6.3 P-85ESect-6.3 P-86ESect-6.3 P-3ESect-6.3 P-24ESect-6.3 P-49ESect-6.3 P-50ESect-6.3 P-51ESect-6.3 P-52ESect-6.3 P-53ESect-6.3 P-54ESect-6.3 P-55ESect-6.3 P-56ESect-6.3 P-57ESect-6.3 P-58ESect-6.3 P-59ESect-6.3 P-60ESect-6.3 P-61ESect-6.3 P-62ESect-6.3 P-65ESect-6.3 P-68ESect-6.4 P-1ESect-6.4 P-2ESect-6.4 P-3ESect-6.4 P-4ESect-6.4 P-5ESect-6.4 P-6ESect-6.4 P-7ESect-6.4 P-8ESect-6.4 P-9ESect-6.4 P-10ESect-6.4 P-11ESect-6.4 P-12ESect-6.4 P-13ESect-6.4 P-14ESect-6.4 P-15ESect-6.4 P-16ESect-6.4 P-17ESect-6.4 P-18ESect-6.4 P-19ESect-6.4 P-20ESect-6.4 P-21ESect-6.4 P-22ESect-6.4 P-23ESect-6.4 P-24ESect-6.4 P-25ESect-6.4 P-26ESect-6.4 P-27ESect-6.4 P-28ESect-6.4 P-29ESect-6.4 P-30ESect-6.4 P-31ESect-6.4 P-32ESect-6.4 P-33ESect-6.4 P-34ESect-6.4 P-35ESect-6.4 P-36ESect-6.4 P-37ESect-6.4 P-38ESect-6.4 P-39ESect-6.4 P-40ESect-6.4 P-41ESect-6.4 P-42ESect-6.4 P-43ESect-6.4 P-44ESect-6.4 P-45ESect-6.4 P-46ESect-6.4 P-47ESect-6.4 P-48ESect-6.4 P-49ESect-6.4 P-50ESect-6.4 P-51ESect-6.4 P-52ESect-6.4 P-53ESect-6.4 P-54ESect-6.4 P-55ESect-6.4 P-56ESect-6.4 P-57ESect-6.4 P-58ESect-6.4 P-59ESect-6.4 P-60ESect-6.4 P-61ESect-6.4 P-62ESect-6.4 P-63ESect-6.4 P-64ESect-6.4 P-65ESect-6.4 P-66ECh-6 P-1RECh-6 P-2RECh-6 P-3RECh-6 P-4RECh-6 P-5RECh-6 P-6RECh-6 P-7RECh-6 P-8RECh-6 P-9RECh-6 P-10RECh-6 P-11RECh-6 P-12RECh-6 P-13RECh-6 P-14RECh-6 P-15RECh-6 P-16RECh-6 P-17RECh-6 P-18RECh-6 P-19RECh-6 P-20RECh-6 P-21RECh-6 P-22RECh-6 P-23RECh-6 P-24RECh-6 P-25RECh-6 P-26RECh-6 P-27RECh-6 P-28RECh-6 P-29RECh-6 P-30RECh-6 P-31RECh-6 P-32RECh-6 P-33RECh-6 P-34RECh-6 P-35RECh-6 P-36RECh-6 P-37RECh-6 P-38RECh-6 P-39RECh-6 P-40RECh-6 P-41RECh-6 P-42RECh-6 P-43RECh-6 P-44RECh-6 P-45RECh-6 P-46RECh-6 P-47RECh-6 P-48RECh-6 P-49RECh-6 P-50RECh-6 P-51RECh-6 P-52RECh-6 P-53RECh-6 P-54RECh-6 P-55RECh-6 P-56RECh-6 P-57RECh-6 P-58RECh-6 P-59RECh-6 P-60RECh-6 P-61RECh-6 P-62RECh-6 P-1PSCh-6 P-2PSCh-6 P-3PSCh-6 P-4PSCh-6 P-5PSCh-6 P-6PSCh-6 P-7PSCh-6 P-8PSCh-6 P-9PSCh-6 P-10PSCh-6 P-11PSCh-6 P-12PSCh-6 P-13PS

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

Find all possible real solutions of each equation in Exercises 3144. x31=0

Finite Mathematics and Applied Calculus (MindTap Course List)

In Exercises 2934, rationalize the denominator of each expression. 33. a+bab

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Simplify. Assume x represents any real number. 36x2

Trigonometry (MindTap Course List)

In Exercises 14, find the slope of the line shown in each figure.

Finite Mathematics for the Managerial, Life, and Social Sciences