Banking In Exercises 63-68, determine how long it takes to double the given investment ifr is the interest rate and the interest is compounded continuously. Assume that no withdrawals or further deposits are made. 63. Initial Amount: $1,500; r = 6% 64. Initial Amount: $3,000; r = 4% 65. Initial Amount: $4,000; r = 5.75%
Banking In Exercises 63-68, determine how long it takes to double the given investment ifr is the interest rate and the interest is compounded continuously. Assume that no withdrawals or further deposits are made. 63. Initial Amount: $1,500; r = 6% 64. Initial Amount: $3,000; r = 4% 65. Initial Amount: $4,000; r = 5.75%
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 24PPS
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Number 65, please
![Banking In Exercises 63-68, determine how long it takes to double the given investment ifr is the interest
rate and the interest is compounded continuously. Assume that no withdrawals or further deposits
are made.
63. Initial Amount: $1,500; r = 6%
64. Initial Amount: $3,000; r = 4%
65. Initial Amount: $4,000; r = 5.75%
66. Initial Amount: $6,000; r = 6.25%
67. Initial Amount: $2,700; r = 7.5%
68. Initial Amount: $3,800; r = 5.8%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa32b080e-315a-4cdc-b676-262d2151a2fd%2Fa5c445c3-2304-4945-90c4-034c497b0e62%2F7crdt5c_processed.png&w=3840&q=75)
Transcribed Image Text:Banking In Exercises 63-68, determine how long it takes to double the given investment ifr is the interest
rate and the interest is compounded continuously. Assume that no withdrawals or further deposits
are made.
63. Initial Amount: $1,500; r = 6%
64. Initial Amount: $3,000; r = 4%
65. Initial Amount: $4,000; r = 5.75%
66. Initial Amount: $6,000; r = 6.25%
67. Initial Amount: $2,700; r = 7.5%
68. Initial Amount: $3,800; r = 5.8%
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