Yes because 3*5 = 15
Factors multiply to get the product.
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
To learn more about the compounded continuously visit:
brainly.com/question/16731646.
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See the attachments for the answer :)
(a+b+c)/2. this is your answer. if it had the numbers i would solve it fully, but it only has variables.
10⁻⁵ is the same number as 1 / 10⁵ .
