An initial investment of $4000 grows at an annual interest rate of 5% compounded continuously. How long will it take to double the investment?
A. 1 year
B. 14.40 years
C. 13.86 years
D. 14.86 years
E. 13.40 years
Answer: C
Mathematics
You might also like to view...
Write the following statement as a mathematical expression. ? Three is less than thirty-two. ?
A.
B.
C.
D.
E.
Mathematics
Write in decimal notation.
A. 0.06635 B. 66.35 C. 6.635 D. 0.6635
Mathematics
Write the fraction in simplest form. Assume that all variable factors in the denominator are not equal to zero.
A.
B.
C.
D.
Mathematics
State the dimensions of the matrix.
A. 3 × 1 B. 3, -6, -8 C. 1 × 3 D. 3
Mathematics