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iris [78.8K]
3 years ago
13

URGENT!

Mathematics
1 answer:
MaRussiya [10]3 years ago
3 0
The equation for future value F of principal P over t years at r% interest compounded continuously is

F=Pe^(rt) =>
8000 = 4000*e^(0.04*t)
Solve for t:
e^(0.04t)=8000/4000=2
0.04t=log(2)
t=log(2)/0.04=17.33 (years)
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