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Mathematics, 26.07.2020 19:01, musa79
Suppose that Mike invests $5000 into an account that pays 12% interest compounded
continuously. He wants to know how many years it will take for his investment to double and be worth
$10,000. Can Mike solve the following equation to find his answer? Why or why not?
2 = e 120. Solve the equation listed in the question above for t. First find the exact answer. Then
approximate your answer to three decimal places
![answer](/tpl/images/cats/otvet.png)
Answers: 3
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Suppose that Mike invests $5000 into an account that pays 12% interest compounded
continuously. He...
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