Solution Found!
Answer: Interest Find the compound amounts for the deposit
Chapter , Problem 94A(choose chapter or problem)
QUESTION:
Problem 94A
Interest Find the compound amounts for the deposit if interest is compounded continuously.
How long will it take for $1000 deposited at 6% compounded semiannually to double? To triple?
Questions & Answers
QUESTION:
Problem 94A
Interest Find the compound amounts for the deposit if interest is compounded continuously.
How long will it take for $1000 deposited at 6% compounded semiannually to double? To triple?
ANSWER:
Solution:-
Step 1 of 4
Given that
We have to find how long will it take for $1000 deposited at 6% compounded semiannually to double? To triple?