krdesimome1 krdesimome1
  • 02-04-2017
  • Mathematics
contestada

How long will it take to triple an investment if the interest rate is 5.6% compounded continuously

Respuesta :

irspow
irspow irspow
  • 02-04-2017
f=ae^(rt)  and since f=3a

3=e^(.056t)

ln3=.056t

t=(ln3)/.056

t≈19.618 yrs
Answer Link

Otras preguntas

What two factors determine the state of rocks and metals Inside the earth?
how do i round 3,176 to the nearest thousand
Wages. JoAnn works in the publicity office at the state university. She is paid $10 an hour for the first 35 hours she works each week and $15 an hour for every
Identify the turning point of the function f(x)=x^2-2x+8 by writing its equation in vertex form. Show work
what does the zeppelin
Which of the following oxides can dissolve in water to form a solution that would turn litmus indicator red in color? a. MgO b. K₂O c. CO₂ d. ZnO e. H₂O
Which of the following oxides can dissolve in water to form a solution that would turn litmus indicator red in color? a. MgO b. K₂O c. CO₂ d. ZnO e. H₂O
A ski jumper competing for an Olympic gold medal wants to jump a horizontal distance of 135 meters. The takeoff point of the ski jump is at a height of 25 meter
what colors are birds are attracted 2
Tear is to sorrow as smile is to