Use the rule of 70 to estimate the time required for the given principal P to double
Question:
Use the rule of 70 to estimate the time required for the given principal P to double at the annual percent interest rate R. Check your answer by using the continuously compounded interest formula.
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P= $5000, R = 8%
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70 T 875 ...View the full answer
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Related Book For
College Algebra With Modeling And Visualization
ISBN: 9780134418049
6th Edition
Authors: Gary Rockswold
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