Solved

$3000 Is Invested in an Account at Interest Rate R

Question 125

Multiple Choice

$3000 is invested in an account at interest rate r, compounded continuously.Find the time required for the amount to triple.(Approximate the result to two decimal places.) ​ $3000 is invested in an account at interest rate r, compounded continuously.Find the time required for the amount to triple.(Approximate the result to two decimal places.) ​ ​ A) 37.62 yr B) 36.62 yr C) 35.62 yr D) 34.62 yr E) 38.62 yr ​


A) 37.62 yr
B) 36.62 yr
C) 35.62 yr
D) 34.62 yr
E) 38.62 yr

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q27: Evaluate the logarithm using the change-of-base formula.Round

Q120: Evaluate the function <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7896/.jpg" alt="Evaluate the

Q121: Use the properties of logarithms to expand

Q122: Let Q represent a mass of radioactive

Q123: Write the logarithmic equation in exponential form.

Q124: Rewrite the logarithm as a ratio of

Q126: The population P of a culture of

Q127: Use a graphing utility to determine which

Q128: Use the properties of logarithms to expand

Q130: Solve the logarithmic equation algebraically.Approximate the result