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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Answer:
the answer is 0.24 jjjjjjjjjjjjjj
Answer:
what do you mean like 4 with a exponent of 2,3,4,5,6,7,8,9,10?
Step-by-step explanation:
Answer: Each time the pentagon is rotated , it maps back onto itself. There are five values of for which the pentagon maps back onto itself. This is the same as the number of sides of the pentagon.
Answer:
20 soap things.
Step-by-step explain: 5X1/4= 20
