Find the number of years required for a $5000 investment to triple at an 7.5% interest rate compounded Continuously

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Ответ:

sumitshekhar348

22.09.2021

Mathematics

Total cost incurred on new laptop is $318.

Explanation:

Since we have given that

Cost price of new laptop = $300

Sales tax = 6%

total cost of laptop including the sales tax is given by

$Cost\times \frac{100+\text{ sales tax}}{100}$

so,

$\text{ Cost price including the sales tax }\\\\=300\times \frac{100+6}{100}\\\\=300\times \frac{106}{100}\\\\=\$318$

So, total cost incurred on new laptop is $318.

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Find the number of years required for a $5000 investment to triple at an 7.5% interest rate compounded Continuously￼