
Mark M. answered 07/19/19
Tutor
5.0
(278)
Mathematics Teacher - NCLB Highly Qualified
2000 = 1000e0.085t
2 = e0.085t
ln 2 = 0.085t
Can you calculate t and answer?
Rohit M.
asked 07/17/19How long will it take for an investment of $1000 to double in value if the interest rate is 8.5% per year, compounded continuously? (Round your answer to two decimal places.)
Mark M. answered 07/19/19
Mathematics Teacher - NCLB Highly Qualified
2000 = 1000e0.085t
2 = e0.085t
ln 2 = 0.085t
Can you calculate t and answer?
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