Suppose that $1,000 is invested at 6% interest compounded continuously. Use the formula A = Pert.   (a) How long (to the nearest day) before the value is $1,250?   (answer should be in years, days)   (b)  How long (to the nearest day) before the money doubles?   (answer should be in years, days)

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Q: Suppose that $1,000 is invested at 4% interest compounded continuously. Use the formula A = Pert.…

A: A = $1,250 P = $1,000 r = 4% = 0.04

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