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categoryرياضيات
schoolبكالوريوس
event_available2026-07-15
السؤال
Transcribed Image Text:
Problem #11: Suppose that you invest $3000 at an annual interest rate of 5%, compounded continuously. How long will it take
(in years) for your money to
(a) double?
(b) triple?
Problem #12: Suppose that you want to purchase a used car for $7000. You currently have $3000. If you invest your $3000 at
an annual interest rate of 3%, compounded semiannually, how long will it take (in years) before you can
purchase the car?
Problem #12:
Round your answer to 2 decimals.
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