Answer:
uuummm i need this answer too actually
Step-by-step explanation:
Answer:
20 years
Step-by-step explanation:
<u>Continuous Compounding Formula</u>

where:
- A = Final amount
- P = Principal amount
- e = Euler's number (constant)
- r = annual interest rate (in decimal form)
- t = time (in years)
Given:
- A = $10,000
- P = $5,000
- r = 3.5% = 0.035
Substitute the given values into the formula and solve for t:









Therefore, it will take 20 years (to the nearest year) for the initial investment to double.
6 percent intrest per year for 5 years I think is the same as 30 percent for 5 years
so $15,000 x .3 is $4500
$15,000 + $4500 = $19,500
not 100 percent sure if this is correct but I think its right.
Sorry if I am wrong not 100% sure.
Answer:
16,575
Step-by-step explanation:
3.5% of 15,000 is 525$
525 x 3 = 1575$
15,000 + 1575 = 16,575