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ANTONII [103]
2 years ago
12

Given that

Mathematics
1 answer:
Lera25 [3.4K]2 years ago
4 0
Your answer should be -50
hope this helps
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Charles invests $425 in a savings account that pays interest at an annual rate of 4 percent, compounded continuously. Approximat
Ira Lisetskai [31]

Answer: it will take 17.33 years to double.

Step-by-step explanation:

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A = P x e^(r x t)

Where

A represents the future value of the investment after t years.

P represents the present value or initial amount invested

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t represents the time in years for which the investment was made.

e is the mathematical constant approximated as 2.7183.

From the information given,

P = 425

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Therefore,

850 = 425 x 2.7183^(0.04 x t)

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5 0
2 years ago
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