SOLUTION: The formula A= P e^rt describes the accumulation value A, of a sum of money P, the principal, after t years at annual percentage rate r (in decimal form) compounded continuously.
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-> SOLUTION: The formula A= P e^rt describes the accumulation value A, of a sum of money P, the principal, after t years at annual percentage rate r (in decimal form) compounded continuously.
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Question 1104531: The formula A= P e^rt describes the accumulation value A, of a sum of money P, the principal, after t years at annual percentage rate r (in decimal form) compounded continuously.
Amount invested= $8500
Annual interest rate= 13%
Accumulated amount= Double the amount invested
What is the Time (t) in years?
(Round to one decimal place) Answer by josmiceli(19441) (Show Source):
