Chapter10: Exponential And Logarithmic Functions
Section10.2: Evaluate And Graph Exponential Functions
Problem 10.32TI: Allan invested $10,000 in a mutual fund. If the interest rate is 5%, how much will be in the account...
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Question
How many years are required for an investment to double in value if it is appreciating at the rate of
5% compounded continuously?
Question content area bottom
Part 1
At
years.
5%
compounded continuously, the investment doubles inyears.
(Round to one decimal place as needed.)
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