queenhenderson queenhenderson

12-08-2021
Mathematics

contestada

You put $5000 in an investment account with interest compounded
continuously. Calculate the approximate annual interest needed for the
account to grow to $10,000 after 20 years.

Relax

Respuesta :

loconte loconte

12-08-2021

Answer:

3.465 %

Step-by-step explanation:

10000 = 5000 [tex]e^{20r}[/tex]

2= [tex]e^{20r}[/tex]

ln(2) = 20r ln(e)

r = ln(2)/20

r = 0.03465

Answer Link

Otras preguntas

Describe how mold fossils form?

Are canals a human system?

do we have to compare all three corresponding sides and angles of triangles to be able to conclude that triangles are congruent?

With which type of media are you interacting when you read an online shopping website?

what could happen to a person body as a result of unhealthy eating and a sedentary lifestyle? check all that apply 1.The digestive system would safely regulate

What is the name of the variable that you change in an experiment?

As a scientist, Issac Newton was capable of

Which type of medicine reduces pain but can cause liver damage? A. Analgesic B. Antibiotics C. Steroids D. Chemotherapy drug

Need help with this

Identify the values of a, b, and c that would be used in the quadratic formula to solve the equation −9x = 13 − 5x2. A. a = −9, b = 13, c = −5 B. a = −5, b =