Asked by Jessica
Determine how much time, to the nearest tenth of a year, is required for an investment to triple in value if interest is earned at the rate of 3.5% compounded continuously. (use A=Pe^rt
Answers
Answered by
bobpursley
3=e^3.5t
ln3=3.5t
solve for t.
ln3=3.5t
solve for t.
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