Question
The value of an investment in Canada Savings Bonds is compounded continuously at 3.75% per annum. At what
rate, correct to 2 decimal places, is the investment growing at the time when its value has doubled?
rate, correct to 2 decimal places, is the investment growing at the time when its value has doubled?
Answers
oobleck
A = Pe^(0.0375 t)
dA/dt = 0.0375A
when A=2P, t=18.48
now finish it off
dA/dt = 0.0375A
when A=2P, t=18.48
now finish it off