Textbook Questionn Exercises 92–93, rewrite the equation in terms of base e. Express the answer in terms of a natural logarithm and then round to three decimal places. y = 6.5(0.43)^x270Has a video solution.
Textbook Questionn Exercises 92–93, rewrite the equation in terms of base e. Express the answer in terms of a natural logarithm and then round to three decimal places. y = 73(2.6)^x126Has a video solution.
Textbook QuestionUse the formula for continuous compounding to solve Exercises 84–85. What annual rate, to the nearest percent, is required for an investment subject to continuous compounding to triple in 5 years?70Has a video solution.
Textbook QuestionUse the formula for continuous compounding to solve Exercises 84–85. How long, to the nearest tenth of a year, will it take $50,000 to triple in value at an annual rate of 7.5% compounded continuously?78Has a video solution.