The time t (in years) required for an investment to double with interest compounded continuously depends on the interest rater In 2 according to the function t (r) = (a) If an interest rate of 4.5% is secured, determine the length of time needed for an initial investment to double. Round to 1 decimal place. (b) Evaluate (0.03), 1(0.06), and 1 (0.08). Round to1 decimal place. Dart: 0 3
The time t (in years) required for an investment to double with interest compounded continuously depends on the interest rater In 2 according to the function t (r) = (a) If an interest rate of 4.5% is secured, determine the length of time needed for an initial investment to double. Round to 1 decimal place. (b) Evaluate (0.03), 1(0.06), and 1 (0.08). Round to1 decimal place. Dart: 0 3
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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I am not sure how to do part A or B. Please help!!

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ТОРНАТ
The time t (in years) required for an investment to double with interest compounded continuously depends on the interest rate r
In 2
according to the function t (r) =
(a) If an interest rate of 4.5% is secured, determine the length of time needed for an initial investment to double. Round to 1
decimal place.
(b) Evaluate t (0.03), 1 (0.06), and t (0.08). Round to 1 decimal place.
Part: 0/ 2
Part 1 of 2
(a) If an interest rate of 4.5% is secured, an initial investment will double in approximely
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