Suppose $2000 is invested at 7% interest compounded continuously. How long will it take for the investment to grow to $10,000? Use the model A(t)=Pe^rt and round to the nearest tenth of a year It will take approximately ? years for the investment to grow to $10,000
Suppose $2000 is invested at 7% interest compounded continuously. How long will it take for the investment to grow to $10,000? Use the model A(t)=Pe^rt and round to the nearest tenth of a year It will take approximately ? years for the investment to grow to $10,000
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.CT: Chapter Test
Problem 11CT
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Suppose $2000 is invested at 7% interest compounded continuously. How long will it take for the investment to grow to $10,000? Use the model A(t)=Pe^rt and round to the nearest tenth of a year
It will take approximately ? years for the investment to grow to $10,000
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