Banking In Exercises 63-68, determine how long it takes to double the given investment ifr is the interest rate and the interest is compounded continuously. Assume that no withdrawals or further deposits are made. 63. Initial Amount: $1,500; r = 6% 64. Initial Amount: $3,000; r = 4% 65. Initial Amount: $4,000; r = 5.75%

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
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Banking In Exercises 63-68, determine how long it takes to double the given investment ifr is the interest
rate and the interest is compounded continuously. Assume that no withdrawals or further deposits
are made.
63. Initial Amount: $1,500; r = 6%
64. Initial Amount: $3,000; r = 4%
65. Initial Amount: $4,000; r = 5.75%
66. Initial Amount: $6,000; r = 6.25%
67. Initial Amount: $2,700; r = 7.5%
68. Initial Amount: $3,800; r = 5.8%
Transcribed Image Text:Banking In Exercises 63-68, determine how long it takes to double the given investment ifr is the interest rate and the interest is compounded continuously. Assume that no withdrawals or further deposits are made. 63. Initial Amount: $1,500; r = 6% 64. Initial Amount: $3,000; r = 4% 65. Initial Amount: $4,000; r = 5.75% 66. Initial Amount: $6,000; r = 6.25% 67. Initial Amount: $2,700; r = 7.5% 68. Initial Amount: $3,800; r = 5.8%
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