$2500 is invested in an account at interest rate r,compounded continuously.Find the time required for the amount to double.(Approximate the result to two decimal places. ) $r = 0.06$
A)13.55 yr
B)10.55 yr
C)12.55 yr
D)9.55 yr
E)11.55 yr

Question

$2500 is invested in an account at interest rate r,compounded continuously.Find the time required for the amount to double.(Approximate the result to two decimal places. )​ $r = 0.06$ ​
A)13.55 yr
B)10.55 yr
C)12.55 yr
D)9.55 yr
E)11.55 yr

Quizplus · Accepted Answer

The Answer of $2500 is invested in an account at interest rate r,compounded continuously.Find the time required for the amount to double.(Approximate the result to two decimal places. )​ $r = 0.06$ ​
A)13.55 yr
B)10.55 yr
C)12.55 yr
D)9.55 yr
E)11.55 yr

$2500 Is Invested in an Account at Interest Rate R,compounded r=0.06r = 0.06r=0.06

$2500 Is Invested in an Account at Interest Rate R,compounded $r = 0.06$