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Mohan
Questions (3)
What breaks yet never falls , and what falls yet never breaks?
2 answers
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How long would it take an investment of $6000 to amount to $9000 if interest is earned at 7% compounded continuously ?.
2 answers
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A body covers a distance of 25m in the 5th sec of its motion and 40m in the 8th sec.of its motion. Calc.initial velocity and
1 answer
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Answers (5)
Answer
Less than 2.5cm
6 hrs
1. Ask yourself what you want to find ? - You want to find time ( how long it would take ) 2.Clue in question - Continuous compounding 3.Use formula FV=PV.e(r.t) Where FV=Future Value, PV=present value, e=exponent (ln) , r=rate expressed as a decimal ,
How long would it take an investment of $6000 to amount to $9000 if interest is earned at 7% compounded continuously ?
