Ask a New Question

Question

Find the doubling time of an investment earning 7% interest if interest is compounded continuously is ____years.

Round to the nearest tenth of a year.
10 years ago

Answers

Reiny
e^(.07t) = 2
.07t lne = ln2
t = ln2/.07 = appr 9.9 years
10 years ago

Related Questions

Bacteria have a doubling time of roughly 10 hours. A normal bacteria starting population would be a... Why is doubling time so low in African countries? If the doubling time of a state's population is 42 years, how long does it take for the population t... Considering the doubling plus one function: The output is 2 times the input, plus one. For example... The doubling time of a type of bacteria is 35 minutes. If every bacterium reproduces, then after 35... 1.The estimated doubling time for the black sea urchin population is approximately 1.5 years. What i... What is the doubling time of prices which are increasing by 5 percent per year? The doubling time of a city's population is 17 years. How long does it take for the population to qu... Use the doubling time to find the continuous percent growth rate and give a formula for the function... A is the doubling time for y=26e^0.5t, and B is the doubling time for y=13e^0.5t. Then (a) A=2B...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use