$1000 is invested in an account at interest rate r=0.045, compounded continuously. Find the time required for the amount to double

The formula you'll need is:

Years = ln (total / principal) / rate

ln means natural log

Years = ln (2,000 / 1,000) / .045

Years = ln (2) / .045

Years = 0.69314718056 / .045

Years = 15.4033

Step-by-step explanation:

me! what did you put for this question?

step-by-step explanation:

d. 24+-0.114

step-by-step explanation:

the question requires us to calculate the approximate 95% confidence interval for the mean number of ounces of ketchup per bottle in the sample given the following statistics;

sample mean = 24

standard deviation, σ = 0.4

sample size , n = 49

the confidence interval for a population mean is calculated using the formula;

sample mean ± z-score*(σ/sqrt(n))

the z-score associated with a 95% confidence interval, from the standard normal tables, is;

1.96

substituting these values into the formula;

24 ± 1.96*(0.4/7)

= 24 ± 0.112

from the alternatives given, choice d is closest to the above expression;