menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Applied Calculus
  4. Exam
    Exam 5: Exponential and Logarithmic Functions
  5. Question
    How Long Will It Take an Investment of $7,000 to Double
Solved

How Long Will It Take an Investment of $7,000 to Double

Question 234

Question 234

Multiple Choice

How long will it take an investment of $7,000 to double if the investment earns interest at the rate of 7% compounded continuously? Round your answer to two decimal places.


A) How long will it take an investment of $7,000 to double if the investment earns interest at the rate of 7% compounded continuously? Round your answer to two decimal places. A)    year(s)  B)    year(s)  C)    year(s)  D)    year(s)  E)    year(s) year(s)
B) How long will it take an investment of $7,000 to double if the investment earns interest at the rate of 7% compounded continuously? Round your answer to two decimal places. A)    year(s)  B)    year(s)  C)    year(s)  D)    year(s)  E)    year(s) year(s)
C) How long will it take an investment of $7,000 to double if the investment earns interest at the rate of 7% compounded continuously? Round your answer to two decimal places. A)    year(s)  B)    year(s)  C)    year(s)  D)    year(s)  E)    year(s) year(s)
D) How long will it take an investment of $7,000 to double if the investment earns interest at the rate of 7% compounded continuously? Round your answer to two decimal places. A)    year(s)  B)    year(s)  C)    year(s)  D)    year(s)  E)    year(s) year(s)
E) How long will it take an investment of $7,000 to double if the investment earns interest at the rate of 7% compounded continuously? Round your answer to two decimal places. A)    year(s)  B)    year(s)  C)    year(s)  D)    year(s)  E)    year(s) year(s)

Correct Answer:

verifed

Verified

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

Related Questions

Q229: According to estimates by Paul Kroger Associates,

Q230: On the basis of data collected during

Q231: Use logarithms to solve the equation for

Q232: Find the nominal interest rate that, when

Q233: Find the accumulated amount after 3 year(s)

Q235: Find the derivative of the function. <img

Q236: On the Richter scale, the magnitude R

Q237: The concentration of a drug in grams/cubic

Q238: Simplify the expression. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6026/.jpg" alt="Simplify the

Q239: Use logarithms to solve the equation for

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines