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:
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The answer is A. 41 because it is in the middle of the box.
Answer:
Research also confirms that incisions carried out with obsidian produce narrower scars and fewer inflammatory cells. This is because on cellular level, obsidian knife cuts between cells rather than tearing it in case of a steel knife, hence, a sharper cut allows the wound to heal more easily with negligible scarring.
Pablo spends 15 hours on writing tasks
answer: twice as much=2 times this number
then twice as much= 7.5 times 2
7.5 times 2= 15hrs