$3000 is invested in an account at interest rate r =0.035, compounded continuously. (Round your answers to two decimal places.)(a) Find the time required for the amount to double.years(b) Find the time required for the amount to triple.years

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Answered: $3000 is invested in an account at…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section7.7: Writing Exponential Functions

Problem 8CYU

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$3000 is invested in an account at interest rate r = 0.035, compounded continuously. (Round your answers to two decimal places.) (a) Find the time required for the amount to double. years (b) Find the time required for the amount to triple. years