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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<span>135.28 should be it is that all the probm</span>
Answer:
9
Step-by-step explanation:
We can use the distance formula
d = sqrt ( ( y2-y1)^2 + ( x2-x1) ^2)
d = sqrt ( ( 4- -3)^2 + ( -4 -2) ^2)
= sqrt ( ( 7^2 + ( -6)^2)
= sqrt( 49+ 36)
= sqrt(85)
9.219544457
Rounding to the nearest whole number
= 9
Answer:
There is no question
Step-by-step explanation:
