If $48,000 is invested in an account earning 3.1% interest compounded continuously, determine how long it will
take the money to triple. Round to the nearest year. Use the model A = Pert where A represents the future value
of P dollars invested at an interest rate r compounded continuously for t years.

It will take about 35.439  years to triple.

Step-by-step explanation:

Recall the formula for continuously compounded interest:

where "A" is the total (accrued or future) accumulated value, "r" is the rate (in our case 0.031 which is the decimal form of 3.1%), "P" is the principal, and "t" is the time in years (our unknown).

Notice also that even that the final amount we want to get is three times $48,000. So our formula becomes:

Now,in order to solve for "t" (which is in the exponent, we use logarithms:

hello i am doing good for you that it's summer in your country or state ; )

btw in my country we just have sun and rain as (because i live in the caribbean lol)

also, thx a lot for the points : )

the data of the detroit pistons in numerical order from least to greatest is 0.30, 0.37, 0.55, 0.62, 0.69, 0.72, 0.73, 0.75, 0.77, 0.78, 0.80, 0.81, 0.81, 0.83, 0.84, 0.89

the data of the miami heat in numerical order from least to greatest is 0.50, 0.50, 0.56, 0.57, 0.67, 0.72, 0.72, 0.72, 0.75, 0.75, 0.76, 0.81, 0.82, 0.90, 1.00, 1.00

the detroit pistons median : 1.52

the miami heat median: 1.47

the iqr of this data is 0.05