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
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Answer:
130 fj is a little bit of a good job for the first time in a new generation of companies in a little
Step-by-step explanation:
its 130 inches tall and a good job to do with my first day of work at a time when the first thing you can get to the point where
Answer:
we need a picture...
Step-by-step explanation:
So hmmm let's do the left-hand-side first

now, let's do the right-hand-side then
Answer: The coefficient of determination = 0.6291
Step-by-step explanation:
Given: Total variation is 24.488, the explained variation is 15.405, and the unexplained variation is 9.083.
The coefficient of determination is computed as:

Substituting given values, we get


Therefore, the coefficient of determination = 0.6291