The amount A of dollars accumulated after t vears through an investment of Ag dollars at an interest rate of r, compounded continuously, can be determined from the function A = Age". The doubling time of an investment 1s the time required for an investment to double in value. F ind the doubling time (rounded to 3 decimal places) for an investment made at

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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The amount A of dollars accumulated after t vears through an investment of Ag dollars at an interest rate of r,
compounded continuously, can be determined from the function A
Ane The doubling time of an investment
is the time required for an investment to double in value. Find the doubling time (rounded to 3 decimal places)
for an investment made at
a. 7% interest compounded continuously
years
b. 10 % interest compounded continuously
years
c. 12 % interest compounded continuously.
years
Transcribed Image Text:The amount A of dollars accumulated after t vears through an investment of Ag dollars at an interest rate of r, compounded continuously, can be determined from the function A Ane The doubling time of an investment is the time required for an investment to double in value. Find the doubling time (rounded to 3 decimal places) for an investment made at a. 7% interest compounded continuously years b. 10 % interest compounded continuously years c. 12 % interest compounded continuously. years
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