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
To learn more about the compounded continuously visit:
brainly.com/question/16731646.
#SPJ1
Answer:
Step-by-step explanation:
933 + the cost <=1500
933+ c <=1500
if we divide 20 by 12, we get a quotient of 1, and a remainder of 8.
Answer:
Step-by-step explanation:
10% of 50 = 5
5% of 50 = 2.5
to get to 65 u do 5+5 = 10 so so far that is 20% but 20% only gets u to 60 so u add another 10% to reach 65
u have used 30% so the answer to yr question is 30%
<h2>
<em>does this help comment if / if not </em></h2>
