How long does it take for a deposit of $900 to double at 2% compounded continuously? how many years does it take to double ? ___ years __ days

9514 1404 393

Step-by-step explanation:

For continuous compounding the "rule of 69" applies. That is the doubling time can be found from ...

  t = 69.3147/r . . . . where r is the interest rate in percent.

Here, r=2, so ...

  t = 69.3147/2 = 34.6574 . . . years

That's 34 years and 240 days.

-3

step-by-step explanation:

a drawing really does here:

so i draw the horizontal line y=2 and the vertical line x=-2 at this intersection i put b (this is where my right angle is going to be).   so point b is at (-2,2).   point a is 5 units long and is also on y=2 so this point has to be (3,2) or (-7,2) -doesn't matter i will go with (3,2).

now we know c is at (-2,y) we don't know the y yet bet we know that c is on x=-2.

we have the area of the triangle is .5bh=12.5

we know the base length is 5 (ab)

we have the height is (2-y) if you look at your

plug in

.5(5)(2-y)=12.5

solve for y to get the y-coordinate for c

2.5(2-y)=12.5

divide both sides by 2.5 giving:

2-y=5

now subtract 2 on both sides

-y=3

y=-3