$5500 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. ) $r = 0.0540$
A)13.84 yr
B)10.84 yr
C)12.84 yr
D)11.84 yr
E)14.84 yr

Question

$5500 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. )​ $r = 0.0540$ ​
A)13.84 yr
B)10.84 yr
C)12.84 yr
D)11.84 yr
E)14.84 yr

Quizplus · Accepted Answer

The Answer of $5500 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. )​ $r = 0.0540$ ​
A)13.84 yr
B)10.84 yr
C)12.84 yr
D)11.84 yr
E)14.84 yr

$5500 Is Invested in an Account at Interest Rate R,compounded r=0.0540r = 0.0540r=0.0540

$5500 Is Invested in an Account at Interest Rate R,compounded $r = 0.0540$