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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Answer:
Where’s the plot box???
Step-by-step explanation:
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If you would like to know how many kilograms of fruit do you have, you can calculate this using the following steps:
3 4/5 kg of cherries + 2 1/4 kg of strawberries = 3 4/5 + 2 1/4 = 19/5 + 9/4 = 76/20 + 45/20 = (76 + 45) / 20 = 121/20 = 6 1/20 kg of fruit
The correct result would be 6 1/20 kilograms of fruit.
Step-by-step explanation:
do like the picture I sent
