10) Sarita deposits $1,000 in an account paying 3.4% annual interest compounded continuously. Use the formula for compounded interest, A = Pe", where P is principal, r is annual interest rate, and t is the time in years. How long will it take the balance in Sarita's account to reach $2,000? II

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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10) Sarita deposits $1,000 in an account paying 3.4% annual interest compounded
continuously. Use the formula for compounded interest, A = Pe", where P is
principal, r is annual interest rate, and t is the time in years. How long will it take
the balance in Sarita's account to reach $2,000?
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Transcribed Image Text:10) Sarita deposits $1,000 in an account paying 3.4% annual interest compounded continuously. Use the formula for compounded interest, A = Pe", where P is principal, r is annual interest rate, and t is the time in years. How long will it take the balance in Sarita's account to reach $2,000? %3D OAOU 7 9. e y S | h k 6 %4 di # 3 个
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