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Find the interest rate r needed for an investment of $5,000 to grow to $8,000 in 3 years if interest is compounded continuously. Or=3 ln(8/5) In(5/8) 3 T = Or=3 ln(5/8) In (8/5) In (3) T= r = In (8/5) 3

Find the interest rate r needed for an investment of $5,000 to grow to $8,000 in 3 years if interest is compounded continuously. Or=3 ln(8/5) In(5/8) 3 T = Or=3 ln(5/8) In (8/5) In (3) T= r = In (8/5) 3

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Find the interest rater needed for an investment of $5,000 to grow to $8,000 in 3 years if interest is compounded continuously. Or=3 ln(8/5) In(5/8) 3 T = r = 3 ln(5/8) In (8/5) In (3) T = r = In (8/5) 3
Transcribed Image Text:Find the interest rater needed for an investment of $5,000 to grow to $8,000 in 3 years if interest is compounded continuously. Or=3 ln(8/5) In(5/8) 3 T = r = 3 ln(5/8) In (8/5) In (3) T = r = In (8/5) 3
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