The answer to this is 38300 hope this helped
Answer:
It takes 22.52 years for the balance to triple in value.
Step-by-step explanation:
Continuous compounding:
The amount of money earned using continuous compounding is given by the following equation:

In which A(0) is the initial amount of money and r is the interest rate, as a decimal.
Interest rate of 5%.
This means that
, and thus:



Time for the balance to triple?
This is t for which
. So







It takes 22.52 years for the balance to triple in value.
Answer:
2
Step-by-step explanation:
Substitute m=8 into the equation
Firstly deal with the bracket
then multiplication
then division
2(11)/11
Answer:
Answer is 40.
Step-by-step explanation: