Question 1:If a principle of $4000 is invested at an interest rate of 6%, how many years will it be until the investment has grown to$5000 if the interest is compounded continuously? Use the formula A = Pet. Round to the nearest 0.01 years.t=Question 2:At what rate should $10000 be invested so that after 11 years, the investment will have grown to $68000?Round your answer to the nearest 0.01 percent. For example, 5-% interest should be expressed as 5.25. Do notinclude the percent symbol in your answer.

Note:- Since you have asked multiple question As per our policy, we will solve the first question…

If a principle of $4000 is invested at an interest rate of 6%, how many years will it be until the investment has grown to $5000 if the interest is compounded continuously? Use the formula A = Pet. Round to the nearest 0.01 years.

If a principle of $4000 is invested at an interest rate of 6%, how many years will it be until the investment has grown to $5000 if the interest is compounded continuously? Use the formula A = Pet. Round to the nearest 0.01 years.

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter4: Exponential And Logarithmic Functions

Section4.2: The Natural Exponential Function

Problem 2E

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