(4 points) $2000 is invested at a rate of 4% per year continuously. Find the time required for the money to triple. (Compound interest formula: A = Pert)
(4 points) $2000 is invested at a rate of 4% per year continuously. Find the time required for the money to triple. (Compound interest formula: A = Pert)
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.1: Exponential Functions
Problem 57E: Interest Leigh Jacks plans to invest 500 into a money market account. Find the interest rate that is...
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