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Eva8 [605]
2 years ago
10

An investment in a savings account grows to three times the initial value after t years. If the rate of interest is 5%, compound

ed continuously, t = years.
Mathematics
1 answer:
RideAnS [48]2 years ago
4 0
3p=pe^0.05t
3=e^0.05t
T=(log(3)÷log(e))/0.05
T==21.97 years
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