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Pavel [41]
4 years ago
8

How long would it take to double $500 with a rate of 6% compounded continuously?

Mathematics
1 answer:
navik [9.2K]3 years ago
5 0
Pretty sure its 14.4 years
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15/100,3/10,45/100,6/10,75/100 find the next pattern
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From the given series:
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thus the series is an arithmetic series which follows a general explicit formula of:
an=a+(n-1)d
thus plugging in our values,we obtain explicit formula for the series as:
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3 years ago
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