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darkskinnednune
18.04.2020 •
Mathematics
Jacobs college savings are invested in a bond that pays an annual interest of 6.2% compounded continuously. How long will it take for the money to triple
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Ответ:
Therefore the value of bond will triple after 17.72 years.
Step-by-step explanation:
The formula of Compounded continuously
A= Amount after t year
P= initial amount
r = rate of interest
t= time in year.
Given that,
Jacobs college saving are invested in bond that pay 6.2% compounded continuously.
Let after t years the initial amount P will be triple i.e 3P.
Here P=P, A=3P, r= 6.2%=0.062
Taking ln both sides
Therefore the value of bond will triple after 17.72 years.
Ответ:
The Domain is all real numbers.
The range is y > 1.
The graph has a y-intercept of 1.
The function is always decreasing.
Step-by-step explanation: