Question

$2000 is invested in an account at interest rate
r = 0.035,
compounded continuously. (Round your answers to two decimal places.)
(a) Find the time required for the amount to double.
Incorrect: Your answer is incorrect. years
(b) Find the time required for the amount to triple.
Incorrect: Your answer is incorrect. years

Answer 1

Answer:

For the money to be doubled,it will take approximately 20 years

For the to triple,it will take approximately 31 - 32 years

Step-by-step explanation:

Please refer to the attachment(s) for explanations