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Crazy boy [7]
3 years ago
12

Arrange to Least to Greatest: 1.4, 0, 0.14, 1/4, 1, -1/4

Mathematics
1 answer:
bulgar [2K]3 years ago
5 0
—1/4, 0, 0.14, 1/4, 1, 1.4
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7 less than two times the sum of 6 and a
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(2(6+a))-7

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What is the exact time t, in years, needed for the balance of an account that earns 5% annual 8. Interest compounded continuousl
Brums [2.3K]

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:

A(t) = A(0)(1+r)^t

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 r = 0.05, and thus:

A(t) = A(0)(1+r)^t

A(t) = A(0)(1+0.05)^t

A(t) = A(0)(1.05)^t

Time for the balance to triple?

This is t for which A(t) = 3A(0). So

A(t) = A(0)(1.05)^t

3A(0) = A(0)(1.05)^t

(1.05)^t = 3

\log{(1.05)^t} = \log{3}

t\log{1.05} = \log{3}

t = \frac{\log{3}}{\log{1.05}}

t =  22.52

It takes 22.52 years for the balance to triple in value.

3 0
3 years ago
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