Find the time it takes for $6,400 to double when invested at an annual interest rate of 19%, compounded continuously.
years
Find the time it takes for $640,000 to double when invested at an annual interest rate of 19%, compounded
continuously.
years
Give your answers accurate to 4 decimal places.
Question Holn Video M Message instructor

9514 1404 393

  3.6481 years

Step-by-step explanation:

The doubling time is not a function of the amount invested. It can be found by considering the account balance multiplier:

  2 = e^(rt) = e^(0.19t)

Taking logs, we can solve for t:

  ln(2) = 0.19t

  t = ln(2)/0.19 ≈ 3.6481431

Rounded to 4 decimal places, the doubling time is 3.6481 years, for either balance.

for finding the midpoint of any given 2 pair of points simply add the respective x coordinates with other x coordinate and the y coordinate with other y coordinate and divide them by 2

in your question it will be :

(3+1)/2 for the x coordinate of mid point i.e 2

[8+(-4)]/2 for the y coordinate of midpoint i.e 2

so coordinates of mid point of points (3,8) and (1,-4) will be (2,2)

my answer is$ 12

step-by-step explanation:

because 15 -2=12