mandascheppler mandascheppler
  • 17-01-2024
  • Mathematics
contestada

what annual interest rate is required to double an investment of $1000 in three years compounded continuously

Respuesta :

kzach8643 kzach8643
  • 17-01-2024

Answer:

STOP BANNING ME BRAINLY!!!

Step-by-step explanation:

 the annual interest rate required to double an investment of $1000 in three years compounded continuously is approximately 0.97%.

Please note that this is an approximation and the actual interest rate may differ based on the compounding frequency and other factors.

Answer Link

Otras preguntas

What does balanced and unbalanced forces have to do with newtons laws of motion
what does 'dance around the truth' mean?
Why were the 1936 Olympics important to the Nazi's and what advantages did they bring them
What best describes the solution 0=15?
A social worker earns $760 gross pay.  If he is married and claims 1 dependent, his state tax rate is 7%, and FICA is 7.65%, what is his net pay?
What are the advantages and disadvantages of vo2 max
what are meristematic tissues?
how many bones do monkeys have?
what are meristematic tissues?
what does it mean to 'know your place'?