Exponential and Logarithmic Functions
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Using formula A=Pe^rt How long would it take to double your money if you start with a principle of 2000 at 8% interest with continuous compounding. Round to the nearest hundredth's place. 4000=2000e^.08(t), solve for t.
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Solution Summary
Exponential and logarithmic functions are applied. How long it would take to double your money if you start if with a principle of 2000 at 8% interest with continuous compounding is determined.
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