Complete the table for the time t (in years) necessary for P dollars to triple when interest is compounded continuously at rate r. (Round your answers to two decimal places.)
R=2%
t=?
tried to plug in as A=Pe^rt since continiously
3=e^.02t ?
then take the ln of both sides?
(ln3/.02)=t?
5 answers
can't see the table, but you have correctly solved for t.
yes, about 55 years
10% doubles in about 7 years :)
10% doubles in about 7 years :)
the table is just that
r 2% 4% 6% 8% 10% 12%
t ? ? ? ? ? ?
i will try that out then
Thank you
r 2% 4% 6% 8% 10% 12%
t ? ? ? ? ? ?
i will try that out then
Thank you
ok this worked out great! thank you!
3=e^rt
1 answer