A bank offersan, annual.in terest rate ofwill,ittake lunded continuosle How lonewill,it take for money to double in thisd continuoslp. Mow lobankleyRound to nearest whole number00

we know that compound interest rate formula A=Pert Where A is amount, P is initial price r is rate…

Answered: A bank offers an, 2,957, Gompanded…

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.4: Geometric Sequences And Series

Problem 8SC

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A bank offers an, 2,957, Gompanded continuosle. How leng will,it take Por money to double in this' bank annual in terest rale of Roind to nearest whole number