A savings account is started with $20,000. After t years, the amount in the account is given by P(t) = 20, 000e0.03r. How many years will it take for the amount in this account to double?
A savings account is started with $20,000. After t years, the amount in the account is given by P(t) = 20, 000e0.03r. How many years will it take for the amount in this account to double?
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 67SE: Alyssa opened a retirement account with 7.25 APRin the year 2000. Her initial deposit was 13,500....
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Answer is 23.10 years for this account to double. I need steps , easy way
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