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:
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Answer:
From the answers you provided the best answer is B.52
Step-by-step explanation:
It starts past 32 so there's no way it can ever be that value as the graph is continuously increasing.
Answer:
Step-by-step explanation:
√x^72 = √(x^36)^2 = x^36
Answer:
A=4 b=3c=2 d=1
Step-by-step explanation:
