Applied Calculus, 6e WileyPLUS + Loose-leaf
Applied Calculus, 6e WileyPLUS + Loose-leaf
6th Edition
ISBN: 9781119408901
Author: Deborah Hughes-Hallett, Andrew M. Gleason, Patti Frazer Lock, Daniel E. Flath
Publisher: Wiley (WileyPLUS Products)
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Chapter B, Problem 10P

(a)

To determine

By what percentage has the bank balance in the account increased over one year? (This is the effective annual rate.)

(b)

To determine

How long does it take the balance to double?

(c)

To determine

For a continuous interest rate r, find a formula for the doubling time in terms of r.

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