1 An initial investment of 9000 grows at an annual interest
1). An initial investment of $9000 grows at an annual interest rate of 5% compounded continuously. How long will it take to double the investment
3). Find all the rational zeroes of the function.
x3 - 12x2 + 41x - 42
Solution
1) Investment = $9000 rate = 5%
Continous compunding formula :A = Pe^(r*t) where r --rate ; t= time P = intial investemnet
So, A = 2P
2P = P e^(0.05t)
2 = e^(0.05t)
Taking natural log of both sides: ln2 = 0.05t
t = ln2/0.05 = 13.86 years
3. P = 2632 /( 1 +0.083e^(0.05oot)
Population in 2001 : t = 1
P = 2632/( 1+ 0.083^(0.05))
=2632/1.8829 = $ 1397.84
