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.

-3

step-by-step explanation:

a drawing really does here:

so i draw the horizontal line y=2 and the vertical line x=-2 at this intersection i put b (this is where my right angle is going to be).   so point b is at (-2,2).   point a is 5 units long and is also on y=2 so this point has to be (3,2) or (-7,2) -doesn't matter i will go with (3,2).

now we know c is at (-2,y) we don't know the y yet bet we know that c is on x=-2.

we have the area of the triangle is .5bh=12.5

we know the base length is 5 (ab)

we have the height is (2-y) if you look at your

plug in

.5(5)(2-y)=12.5

solve for y to get the y-coordinate for c

2.5(2-y)=12.5

divide both sides by 2.5 giving:

2-y=5

now subtract 2 on both sides

-y=3

y=-3

it is c, trust i got your back lol

step-by-step explanation: