Find the time it takes for $8,000 to double when invested at an annual interest rate of 8%, compounded continuously. years

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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(1) Find the time it takes for $8,000 to double when invested at an annual interest rate of 8%, compounded continuously.

_______ Years

(2) Find the time it takes for $800,000 to double when invested at an annual interest rate of 8%, compounded continuously.

________ Years

Find the time it takes for $8,000 to double when invested at an annual
interest rate of 8%, compounded continuously.
years
Find the time it takes for $800,000 to double when invested at an
annual interest rate of 8%, compounded continuously.
years
Transcribed Image Text:Find the time it takes for $8,000 to double when invested at an annual interest rate of 8%, compounded continuously. years Find the time it takes for $800,000 to double when invested at an annual interest rate of 8%, compounded continuously. years
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