Compound interest in exercise,$3000 is invested in an account at interest rate r, compounded continuously. find the time required for the amount to (a) double and (b) triple.
r = 0.045

(a) t = 15.40 years

(b) t = 24.41 years

Step-by-step explanation:

The expression that describes continuous compounding is:

The principal (P) is $3,000 invested at a rate r=0.045.

a) The time required for the amount to double (FV =$6,000) is:

a) The time required for the amount to triple (FV =$9,000) is:

yes because they have the same amount of green and blur marbles.

step-by-step explanation:

irrational, cannot