Concept explainers
To find: The time required to double in the value for investment of
Answer to Problem 47E
The time required to double in the value for investment of
Explanation of Solution
Given information: The amount of investment is
Formula used: The formula to calculate the amount is given by,
Calculation:
The double amount on investment of
To find the time, substitute
Take
Therefore, the time required to double in the value for investment of
Chapter 1 Solutions
Calculus 2012 Student Edition (by Finney/Demana/Waits/Kennedy)
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