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Musya8 [376]
2 years ago
11

Determine, to the nearest tenth of a year, how long it would taken an investment to double at a 3 3/4% interest rate, compounded

continuously
Mathematics
1 answer:
Stella [2.4K]2 years ago
7 0

Based on the interest rate and continuous compounding, the investment would double in value after 18.5 years.

We have given that,

investment to double at a 3 3/4% interest rate,

<h3>When will the investment double in value?</h3>

The future value using continuous compounding is:

= Amount x e ^ (rate x time)

Interest is

= 3.75%

<h3>What is the formula of an exponential function?</h3>

2 = e ^ (0.0375 x time)

In2 = 0.0375 x time

t = In2 / 0.0375

t= 18.5 years

To learn more about the compounded continuously visit:

brainly.com/question/16731646.

#SPJ1

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Answer:

The car would have traveled 1,018.4 miles in 19 hours because you have to multiply 1 by 19 to get to 19 so you would have to do the same to the miles and 53.6 times 19 is 1,018.4 miles.

Step-by-step explanation:

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asambeis [7]

Answer:

4 and 6 are the two consecutive even integers

Step-by-step explanation:

Hi,

Let x represent the smaller of the two consecutive even integers, (x+2) the other

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3 years ago
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(Since there are no options to chose from, I guess I'll just do my own answer and you'll have to pick the closest one to this one. Or, you could comment the options and I could help you there too.)

Answer:

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Step-by-step explanation:

Since there is an equal number of each color of marble, the outcomes of the event are equally likely. If there were more of one marble, it would be unlikely.

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It would be FANTABULOUS if I could get BRAINLIEST!!!!!!!

Have a great day!! ;p

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