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uranmaximum [27]
3 years ago
6

Suppose an investment of $2000 doubles in value every 8 years. How much is the investment worth after 24 years? After 32 years?

Mathematics
1 answer:
guapka [62]3 years ago
8 0
24 years = $16,000
33 years = $32,000

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Question 10 of 12
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You invest 4,100 in an account that pays an interest rate of 7.25% ,compounded continuously. Calculate the balance of your accou
levacccp [35]
\bf ~~~~~~ \textit{Continuously Compounding Interest Earned Amount}
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A=Pe^{rt}\qquad 
\begin{cases}
A=\textit{accumulated amount}\\
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\end{cases}
\\\\\\
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