In 2 The doubling function D(r) = gives the number of years required to double your money when it is invested at interest In (1 +r) rate r (expressed as a decimal), compounded annually. How long does it take to double your money at each of the following rates? (b) 6% (a) 4% (e) Round each of your answers in parts (a)-(d) to the nearest year, and compare them with these numbhers 7214 7216 72/12. and 72/36 Use this evidence to state a "rule (c) 12% (d) 36% (a) It will take approximately years at a rate of 4% to double the invested money. (Type an integer or decimal rounded to the nearest hundredth as needed.)
In 2 The doubling function D(r) = gives the number of years required to double your money when it is invested at interest In (1 +r) rate r (expressed as a decimal), compounded annually. How long does it take to double your money at each of the following rates? (b) 6% (a) 4% (e) Round each of your answers in parts (a)-(d) to the nearest year, and compare them with these numbhers 7214 7216 72/12. and 72/36 Use this evidence to state a "rule (c) 12% (d) 36% (a) It will take approximately years at a rate of 4% to double the invested money. (Type an integer or decimal rounded to the nearest hundredth as needed.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:In 2
The doubling function D(r) =
gives the number of years required to double your money when it is invested at interest
In (1 + r)
rate r (expressed as a decimal), compounded annually. How long does it take to double your money at each of the following
rates?
(c) 12%
(a) 4%
(e) Round each of your answers in parts (a)-(d) to the nearest year, and compare them
with these numhers 72/4 7216 72/12 and 72136 Use this evidence to state a "ruule
(b) 6%
(d) 36%
(a) It will take approximately
years at a rate of 4% to double the invested money.
(Type an integer or decimal rounded to the nearest hundredth as needed.)
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