marberman marberman

24-07-2021
Mathematics

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How long will it take for the money in an account that is compounded continuously at 4% interest to sextuple.

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loconte loconte

24-07-2021

Answer:

t = 44.79 years

Step-by-step explanation:

6 = [tex]e^{.04t}[/tex]

ln(6) = .04t ln(e)

ln(6)/.04 =t

t = 44.79

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