Courtney L.

# Exponential Equations

Find the time it takes for $6,700 to double when invested at an annual interest rate of 18%, compounded continuously. ____________________years Find the time it takes for$670,000 to double when invested at an annual interest rate of 18%, compounded continuously.
______________________years

give answer accurate to 4 decimal places

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Experienced High School Chemistry Teacher

Courtney L.

I’m more confused now what am I filling in
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08/13/18

Lauren H.

Use the above equation:

A = Pe^rt, where P = principal, A = amount, r is rate in decimals, t is time in years.

Use the new number, 670,000 for the P, principal.
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08/13/18

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