Mathematics, 20.05.2021 22:30 brainfreeze911ovksah
Jeremias invested $20 at a rate of 8.5% compounded continuously. How long would it take to triple his money? It will take years
Answers: 2
, where r- interest rate, t- time in years
ln 3 = 0.085t1.099 = 0.085tt = 1.099 / 0.085t = 12.9 ≈ 13 years
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Jeremias invested $20 at a rate of 8.5% compounded continuously. How long would it take to triple hi...
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