Find the time it takes for $8,400 to double when invested at an annual interest rate of 19%, compoundedcontinuously.yearsFind the time it takes for $840,000 to double when invested at an annual interest rate of 19%, compoundedcontinuously.years

Given initial amount is $8400.given interest rate is 19%

Answered: Find the time it takes for $8,400 to…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section7.7: Writing Exponential Functions

Problem 8CYU

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Find the time it takes for $8,400 to double when invested at an annual interest rate of 19%, compounded continuously. years