Ask your own question, for FREE!
Algebra 9 Online
OpenStudy (jaweria):

Can anyone please help me with my math problems?

OpenStudy (jaweria):

How long will it take an investment to double in value if the interest rate is 6% compounded continuously?

OpenStudy (anonymous):

What is the original investment?

OpenStudy (jaweria):

its just saying to double it which could be 100

OpenStudy (jaweria):

so when we double it then it will be 200

OpenStudy (jaweria):

the answer I am getting is 11.55 can someone check it for me please?

OpenStudy (anonymous):

\[(1.06)^t=2\] solve for \(t\)

OpenStudy (anonymous):

doesn't matter what you start with, doubling time is doubling time

OpenStudy (anonymous):

solve via \[t=\frac{\ln(2)}{\ln(1.06)}\]

OpenStudy (anonymous):

oh continuously!!

OpenStudy (anonymous):

\[e^{.06t}=2\] \[.06t=\ln(2)\] \[t=\frac{\ln(2)}{.06}\]

OpenStudy (anonymous):

no one compounds money continuously. just saying

OpenStudy (jaweria):

yeah so I am right too :) my answer is 11.55

OpenStudy (jaweria):

can you please help me with some little bit more problems?

OpenStudy (jaweria):

When a cold drink is taken from a refrigerator, its temperature is 5°C. After 25 minutes in a 20°C room its temperature has increased to 10°C. (a) What is the temperature of the drink after 50C minutes? (b) When will its temperature be 15°C?

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!