Epa is investing $2500 at 6% per annum, with interest compounded continuously. She wants to come up with a formula that gives the approximate length of time, t in years, that it will take for the investment to become k times as big, i.e. doubling, tripling, etc. (a multiple of k times the original amount). Which one of the following is the correct formula? 10 1- In 0.06 O 0.06 In k 0.06 In(2500 k-2500) 0.06 O O t= 1-

Q: How long will it take an investment of $5000 to double if the investment earns interest at the rate…

A: We are given: Initial investment (P) = $5000 Accumulated amount (A) = $10000 ( Since we need…

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A: A=P1+rnntP is the amount investedA is the amount after t yearsr is the rate of interest

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Q: A building was bought for $130,000 and sold 17 years later for $470,000. What interest rate…

A: We will find which formula is appropriate and what should be the next logical step as following.