Question: ( a ) Consider a n investment that doubles i n value i f the interest rate i s ? ( 5 ? ? %

(a) Consider an investment that doubles in value if the interest rate is?(5??%??) compounded continuously. Let ?(A0??) represent the amount of the initial investment and let ?(t??) represent time in years. Write an equation that can be solved for ?(t??)to determine how long it will take the investment to double in value. How many years will it take an investment to double in value if the interest rate is5% compounded continuously? (Round your answer to two decimal places.)(b) What is the equivalent annual interest rate (in percent)?(Round your answer to two decimal places.)??%
Suppose that the volume Vof a rolling snowball increases so that dVdtis proportional to the surface area of the snowball at time t. Show that the radius r increases at a constant
rate, that is,drdtis constant.
The volume of the snowball is given byV=43r3,sodVdt=43*()drdt=4r2drdt.
Since the change in volume is proportional to the surface area S, with S=4r2,we also have the following for some constant k.
dVdt=k*r3
dVdt=r*4k2
dVdk=k*2r
dVdt=k*4r2
dVdt=r*k3
Equating the two expressions for dVdt gives 4r2drdt=k*()=>drdt=kr that is,drdtis constant.
( a ) Consider a n investment that doubles i n

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