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JaweriaBest ResponseYou've already chosen the best response.0
How long will it take an investment to double in value if the interest rate is 6% compounded continuously?
 one year ago

SOSAlgebra6629Best ResponseYou've already chosen the best response.0
What is the original investment?
 one year ago

JaweriaBest ResponseYou've already chosen the best response.0
its just saying to double it which could be 100
 one year ago

JaweriaBest ResponseYou've already chosen the best response.0
so when we double it then it will be 200
 one year ago

JaweriaBest ResponseYou've already chosen the best response.0
the answer I am getting is 11.55 can someone check it for me please?
 one year ago

satellite73Best ResponseYou've already chosen the best response.1
\[(1.06)^t=2\] solve for \(t\)
 one year ago

satellite73Best ResponseYou've already chosen the best response.1
doesn't matter what you start with, doubling time is doubling time
 one year ago

satellite73Best ResponseYou've already chosen the best response.1
solve via \[t=\frac{\ln(2)}{\ln(1.06)}\]
 one year ago

satellite73Best ResponseYou've already chosen the best response.1
\[e^{.06t}=2\] \[.06t=\ln(2)\] \[t=\frac{\ln(2)}{.06}\]
 one year ago

satellite73Best ResponseYou've already chosen the best response.1
no one compounds money continuously. just saying
 one year ago

JaweriaBest ResponseYou've already chosen the best response.0
yeah so I am right too :) my answer is 11.55
 one year ago

JaweriaBest ResponseYou've already chosen the best response.0
can you please help me with some little bit more problems?
 one year ago

JaweriaBest ResponseYou've already chosen the best response.0
When a cold drink is taken from a refrigerator, its temperature is 5°C. After 25 minutes in a 20°C room its temperature has increased to 10°C. (a) What is the temperature of the drink after 50C minutes? (b) When will its temperature be 15°C?
 one year ago
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