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    Exam 5: Exponential and Logarithmic Functions
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    The Number of Years It Takes for an Amount Which
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The Number of Years It Takes for an Amount Which

Question 83

Question 83

Essay

The number of years it takes for an amount which is invested at an annual rate of 7% and compounded continuously to become m times as large is a function of the enlargement factor given t(m)= The number of years it takes for an amount which is invested at an annual rate of 7% and compounded continuously to become m times as large is a function of the enlargement factor given t(m)=    .Use a graphics calculator to find how many times larger (to the nearest whole number increment)the investment will be in 10,20,30,and 40 years.
.Use a graphics calculator to find how many times larger (to the nearest whole number increment)the investment will be in 10,20,30,and 40 years.

Correct Answer:

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approximately 2 times as large...

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