Question: please do questions 1 and 2 1. When reading a prompt for a compounded interest problem, how do you decide if you should be using

please do questions 1 and 2 please do questions 1 and 2 1. When reading a prompt for

1. When reading a prompt for a compounded interest problem, how do you decide if you should be using the Compounded Annually A(t)=P(1+r)t, Compounded Continuously A(t)=Pert, or Simple Interest A(t)=mt+b formula? 2. The doubling time of an investment compounded continuously is 9 years. If you invest $1000 in 2000 , how many years until you have $2300

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!