Saturday
August 30, 2014

Homework Help: algebra

Posted by david on Friday, May 27, 2011 at 2:31pm.

The amount of money in an account with continuously compounded interest is given by the formula A=Pe^rt , where P is the principal, r is the annual interest rate, and t is the time in years. Calculate to the nearest hundredth of a year how long it takes for an amount of money to double if interest is compounded continuously at 3.8%. Round to the nearest tenth.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

algebra 2 - The amount of money in an account with continuously compounded ...
math - The amount of money in an account with continuously compounded interest ...
algebra 2 - What will be the amount in an account with initial principal $6000 ...
algebra II - What will be the amount in an account with initial principal $6000 ...
Alg 2 - Suppose you deposit a principal amount of p dollars in a bank account ...
Alg2 - Help....Help... Suppose you deposit a principal amount of p dollars in a ...
Algebra - A company invests $15,000.00 in an account that compounds interest ...
algebra - A continuously compounded account starts with $1500 in principal. The...
Calculus - Money is deposited in an account for which the interest is compounded...
finance - 14. Assume Julian has a choice between two deposit accounts. Account A...

Search
Members