For Exercises 61-70, use the model A = P e r t or A = P ( 1 + r n ) r t , where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. (See Example 11) If $10,000 is invested in an account earning 5.5% interest compounded continuously. determine how long it will take the money to triple. Round to the nearest year.
For Exercises 61-70, use the model A = P e r t or A = P ( 1 + r n ) r t , where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. (See Example 11) If $10,000 is invested in an account earning 5.5% interest compounded continuously. determine how long it will take the money to triple. Round to the nearest year.
Solution Summary: The author calculates the time required to triple the money if 10,000 is invested in an account earning 5.5% interest compounded continuously.
For Exercises 61-70, use the model
A
=
P
e
r
t
or
A
=
P
(
1
+
r
n
)
r
t
, where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. (See Example 11)
If $10,000 is invested in an account earning 5.5% interest compounded continuously. determine how long it will take the money to triple. Round to the nearest year.
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5x³ (x²+8x)² - 35x (x²+8x) 2
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