If 3000 dollars is invested in a bank account at an interest rate of 4 per cent per year, compounded continuously. How many years will it take for your balance to reach 10000 dollars?
If 3000 dollars is invested in a bank account at an interest rate of 4 per cent per year, compounded continuously. How many years will it take for your balance to reach 10000 dollars?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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If 3000 dollars is invested in a bank account at an interest rate of 4 per cent per year, compounded continuously. How many years will it take for your balance to reach 10000 dollars?
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