With continuous compounding, a principal of P dollars accumulates to an amount A given by the equation A = Pert where r is the interest rate and t is the time in years. With  A = 2P,  the equation becomes 2P = Pert. Assume continuous compounding to find how long it takes a given amount to double at the given interest rate. (Round your answer to two decimal places.) r = 7%

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A: Solution: Given data, Initial amount P = $1000 rate r= 5% = 0.05 According to continuously…

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Q: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t…

A: See the attachment

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A: Common difference (r) = second termfirst term

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A: deposite amount is $105rate is 13.95%time is 6 years formula for compounded continuosly is A=Pert

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A: given Bt=8391 at t=0 rate of interest τ=13%   =0.13 payment rate =k at time 7 years  B7=0 now,…

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A: A=P ertP is the amount deposited.r is the interest rate.t is the time period