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3 years ago

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(a) How long will it take an investment to double in value if the interest rate is 8% compounded continuously? (Round your answe

r to two decimal places.) yr (b) What is the equivalent annual interest rate? (Round your answer to two decimal places.)

1 answer:

NeX [460]3 years ago

5 0

Answer:

Explanation:

Given

rate of interest= 8%

For continuously compounded interest

$A=Pe^{rt}$

Where A=amount

P=Principal

r=rate of interest

t=time

$2P=Pe^{0.08t}$

$2=e^{0.08t}$

taking log both sides

$\ln 2=0.08 t$

$t=\frac{\ln 2}{0.08}$

t=8.66 yr

(b)Equivalent annual interest

$2=(1+i)^t$

$2=(1+i)^{8.66}$

$2^{0.1154}=1+i$

$i+1=1.0832$

i=0.0832

8.32 %

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The acceleration that the same force will provide if both masses are tied together is; 6.0 m/s².

<h3>How to find the Acceleration?</h3>

We are given;

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Formula for force is;

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Answer:

Part a)

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Part b)

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Explanation:

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