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Mathematics, 28.06.2019 09:00 xojade
Iva deposits $2,000 into an interest-bearing savings account that is compounded continuously at an interest rate of 5%. she decides not to deposit or withdraw any money after the initial deposit. we can represent the account balance of the savings account after t years by an exponential function: a(t) = $2,000 ∙ e^0.05t. approximately how many years will it take for the initial deposit to double?
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Iva deposits $2,000 into an interest-bearing savings account that is compounded continuously at an i...
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