If given the following scenario:
if you deposited some money into an account where the inter...
Mathematics, 27.11.2019 13:31 davidtrott5761
If given the following scenario:
if you deposited some money into an account where the interest rate was 6% compounded continuously, how long would it take for the amount in the account to triple?
which of the following equations could you use to solve for the number of years?
a) 1 = {e^{0.06t}}
b) 180 = 60{e^{0.06t}}
c) 27 = 3{e^{0.06t}}
d) 300 = 100{e^{0.06t}}
e) 3 = {e^{0.06t}}
f) 45 = 15{e^{0.06t}}
hint: there are 4 correct answers
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