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26) Solve: $500 is deposited in a savings account. If the interest rate is 10% compounded continuously, after how many years will the investment be worth $3000? (Use A = Pe^rt)<…

26) Solve: $500 is deposited in a savings account. If the interest rate is 10% compounded continuously, after how many years will the investment be worth $3000? (Use A = Pe^rt)<…
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26) Solve: $500 is deposited in a savings account. If the interest rate is 10% compounded continuously, after

how many years will the investment be worth $3000?
(Use A = Pe^rt)

User Fuesika
by
7.8k points

1 Answer

2 votes

Answer:

1. A/P=3000/500=6

2. e^i pi+1=0

User Sajad Abdollahi
by
8.0k points
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