document.write( "Question 294069: Determine the time necessary for $3000 to double if it is invested at an interest rate of 3.5% compounded continuously.\r
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Algebra.Com's Answer #212205 by scott8148(6628)![]() ![]() You can put this solution on YOUR website! A = P e^(rt)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "2 = e^(.035t)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "ln(2) = .035t\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "[ln(2)] / .035 = t \n" ); document.write( " |