Asked by George
a)Find the time required to double the amount of an investment at an interest rate k, compounded continuously.
b) Find the time required to double an investment at continuous rate of 6%.
b) Find the time required to double an investment at continuous rate of 6%.
Answers
Answered by
Steve
e^kt = 2
t = ln2/k
now plug in 6%
t = ln2/k
now plug in 6%
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.