C) 0.7477

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Question

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9. If you invest $500 in an account that pays 3.75% interest rate, how long would it take to double
your money if the interest is compounded continuously?
A) 19.8 years
B) 18.5 years
C) 20.1 years
D) 11.5 years
10. Solve the following equation: 2(e)045x = 2.8
A) 0.6558
B) 0.7221
C) 0.7477
D) 0.8233
Transcribed Image Text:9. If you invest $500 in an account that pays 3.75% interest rate, how long would it take to double your money if the interest is compounded continuously? A) 19.8 years B) 18.5 years C) 20.1 years D) 11.5 years 10. Solve the following equation: 2(e)045x = 2.8 A) 0.6558 B) 0.7221 C) 0.7477 D) 0.8233
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