A sum of $1500 is invested at 5% per annum compounded
Chapter 5, Problem 23(choose chapter or problem)
A sum of $1500 is invested at 5% per annum compounded continuously. (a) Estimate the doubling time. (b) Compute the actual doubling time. (c) Let d1 and d2 denote the actual and estimated doubling times, respectively. Define d by . What percentage is d of the actual doubling time?
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