Find the interest rate needed for an investment

Reference no: EM13193864

Use logarithms to solve the problem.

Find the interest rate needed for an investment of $3600 to double in 6 yr if interest is compounded continuously. (Round your answer to two decimal places.)

Reference no: EM13193864

Questions Cloud

State rhombic and monoclinic denoted a and b : Two solid forms of elemental sulfur (S8) are rhombic and monoclinic, denoted A and B, respectively. For the transformation S8(s,A) --> S8(s,B), dH* = 330 J/mol and dS* = 80 J/mol*K.

Change that affects the supply curve : Due to health concerns, a significant number of families move out of the city.Would there be a shift in the demand curve, the supply curve, or both.

What is the maximum income : A car rental agency rents 210 cars per day at a rate of 32 dollars per day. For each 1 dollar increase in the daily rate, 5 fewer cars are rented. At what rate should the cars be rented to produce the maximum income, and what is the maximum income..

Find the distance of the end trip from the starting point : A ship travels 98 kilometers on a bearing of 38 degrees and then turns on a bearing of 128 degrees for 169 kilometers. Find the distance of the end trip from the starting point.

Find the interest rate needed for an investment : Find the interest rate needed for an investment of $3600 to double in 6 yr if interest is compounded continuously. (Round your answer to two decimal places.)

State isothermal expansion results in the internal volume : An inventor designs a new heat engine that can be modeled on the Carnot cycle. The working gas in the heat engine is 1 mole of helium. The isothermal expansion results in the internal volume changing from 1 L to 3 L

State the average molecular speed in a sample : The average molecular speed in a sample of CH4 gas is 641 m/s at 311 K. The average molecular speed in a sample of He gas is ________ m/s at the same temperature.

What is the price range of houses they should consider : If local mortgage rates are 8.5%/year compounded monthly for a conventional 30-yr mortgage, what is the price range of houses they should consider? (Round your answers to the nearest cent.)

What happens to the volume of the room : Find the volume in cubic centimeters. If each dimension (length, width and height is doubled, what happens to the volume of the room? Show your work.

User Account

All Pages