$7550 is invested at 10.0 % compounded continuously. How long will it take for the balance...

Question

Question

$7550 is invested at 10.0 % compounded continuously. How long will it take for the balance to reach $15100? Round your answer

math algebra

Answer 1

Answer #1

compounded continuously A= pent A → Amount p → prinupal r - rate t - time loxt 15100= 7550 e. 15100 soxt 7550 2 = e taking en

Answer 2

Similar Homework Help Questions

$2000 is invested at 10.0% compounded continuously. How long will it take for the balance to...

$2000 is invested at 10.0% compounded continuously. How long will it take for the balance to reach $4000? Round your answer to two decimal places.
Suppose $8000 is invested at 7% interest compounded continuously. How long will it take for the...

Suppose $8000 is invested at 7% interest compounded continuously. How long will it take for the investment to grow to $16000? Use the model A(t) = Pe" and round your answer to the nearest hundredth of a year. It will take years for the investment to reach $16000.
How long will it take for an investment to triple if it is compounded continuously at...

How long will it take for an investment to triple if it is compounded continuously at 9%? It will take about years to triple the investment (Round to two decimal places as needed.)

How long will it take for an investment to triple if it is compounded continuously at...

How long will it take for an investment to triple if it is compounded continuously at 4%? It will take about years to triple the Investment. (Round to two decimal places as needed.)
How long will it take for an investment to triple if it is compounded continuously at 13%?

How long will it take for an investment to triple if it is compounded continuously at 13%? It will take about _______ years to triple the investment. (Round to two decimal places as needed)
How much will $100 grow to if invested at a continuously compounded interest rate of 7.75%...

How much will $100 grow to if invested at a continuously compounded interest rate of 7.75% for 9 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) How much will $100 grow to if invested at a continuously compounded interest rate of 9% for 7.75 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

How long does it take for an investment to double in value if it is invested...

How long does it take for an investment to double in value if it is invested at 6% compounded quarterly? Compounded continuously? At 6% compounded quarterly, the investment doubles in about (Round to two decimal places as needed.) years.
11 of 17, Step 1 of 1 How ong will it take for the balance to reach $6 Round your answer to two d...

11 of 17, Step 1 of 1 How ong will it take for the balance to reach $6 Round your answer to two decimal places, 53 S is invested at S % compounded continuous y ? necessary. 11 of 17, Step 1 of 1 How ong will it take for the balance to reach $6 Round your answer to two decimal places, 53 S is invested at S % compounded continuous y ? necessary.
How much will $100 grow to if invested at a continuously compounded interest rate of 9%...

How much will $100 grow to if invested at a continuously compounded interest rate of 9% for 7.75 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

MWENYI It is invested at 5% compounded continuously? Exercise 7. How long will it take to...

MWENYI It is invested at 5% compounded continuously? Exercise 7. How long will it take to double an investment at 11.99% com- pounded bi-weekly? Exercise 8. You deposit $17,000 in a savings account. What rata namnaunda