An initial investment of $2000 grows at an annual interest rate of 4% compounded continuously. How long will it take to double the investment?

A. 17.33 years
B. 18.33 years
C. 18.00 years
D. 17.00 years
E. 1 year


Answer: A

Mathematics

You might also like to view...

Match the inequality with its correct representation.{x | -8 ? x ? 4}

A. (-8, 4] B. (-8, 4) C. [-8, 4] D. [-8, 4)

Mathematics

Find the y-intercept of the line determined by the equation. ? ?

A.
B. ?
C. ?
D. ?
E. ?

Mathematics

Simplify.400 - 24? 24 ÷ (4?3 - 2?2)

A. 352 B. 364 C. 764 D. 1152

Mathematics

Solve the problem.Use the formula P = Iekt. A bacterial culture has an initial population of 10,000. If its population declines to 7000 in  what will it be at the end of 

A. 3108 B. 6215 C. 1500 D. 7366

Mathematics