Kendall0126 Kendall0126
  • 14-03-2017
  • Mathematics
contestada

The compound amount with continuous compounding is given by A= Pe^rt where P is the principal, r the rate and t the time in years. If the rate is 8% find how long it takes for the money to double that is for A= 2P (ln2=0.69315)

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 14-03-2017
2p=pe^0.08t
2=e^0.08t
Log(2)=0.08t*log(e)
T=(log(2)÷log(e))/0.08==8.66years
Answer Link

Otras preguntas

Please help me on this!
The question is: how many people averaged fewer than 4,000 steps each day? The options are A. 7 B. 10 C. 19 D. 21
Solve the quadratic equation. Show all of your steps. x^2 + 3x - 5 = 0
Describe three values that the biosphere provides
Which practice is part of environmental hygiene? trimming nails brushing teeth washing hands cleaning up spills
Kenneth shared a basket of apples with three of his friends. The basket weighed 14.75 pounds. What is the weight of the apples that each of the friends received
___ are organelles found in plants cells but not in animal cells
Which transition word best completes the sentence? Remy was lively and imaginative, ______ her sister, Reggie, was quiet and practical. A. after B. for C.
It's quite easy and simple, but I need help with it.
Reasons why the government should help their people?