emylfonf emylfonf
  • 31-07-2018
  • Mathematics
contestada

How long will it take for the money to triple? Compounded continuously.

How long will it take for the money to triple Compounded continuously class=

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 12-08-2018

If e^(rt) is 3, then taking logarithms tells you

... rt = ln(3)

So, the time to triple the amount is

... t = ln(3)/0.0275 ≈ 39.95 . . . . years

_____

The working out that is shown in the picture appears to be correct.

Answer Link

Otras preguntas

Summarizing How did the Continental Army fare in the early battles of the war?
When you subtract one square number from another the answer is 12. What are the two square numbers?
You collect baseball and football cards. your uncle has an old collection of 360 cards that he gives you. the collection has more baseball cards than football
What was the result of Huayna Capac's military campaigns in the north? a. the Incan military was greatly weakened b. a second capital was built at Tumibamda c.
inequality 5+m>4 or 7m<-35
What is the mean of the set of numbers? {–9, –8, 4, –1} A. –5.5 B. –3.5 C. –2.8 D. 14
Identify one way that the US job market changed after World War II?
The program whereby taxes are deducted from employees' checks, proceeds are put into a trust fund, and distributed to the elderly, disabled, widowed, and unempl
0.008 is 1/10 of ------------
The product of a number and it's _____ is one