Question

3. How long will it take an investment of $13,400 to grow to $32,700 assuming an interest rate of 3 3\/4 % compounded weekly? 

          3. How long will it take an investment of $13,400 to grow to $32,700 assuming an interest rate of 3 3\/4 % compounded weekly?
3. How long will it take an investment of 13,400 to grow to32,700 assuming an interest rate of 3 34 % compounded weekly?

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Calculus: Early Transcendentals
Calculus: Early Transcendentals
James Stewart 8th Edition
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How long will it take an investment of $13,400 to grow to $32,700 assuming an interest rate of (33)/(4)% compounded weekly? How long will it take an investment of $13,400 to grow to $32,700 assuming an interest rate of 33/4 % compounded weekly
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Transcript

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00:01 Hello, let's have a look at the question.
00:02 So we have been given that r is equals to 3 .08 percentage.
00:08 So we can write this as 0 .038.
00:14 Now, amount is given to us 45 ,000 and the principal p is equals to 19 ,000.
00:23 So here we have to calculate the value for time.
00:28 So we know that a is equals to.
00:30 P e to the power r t so here let us put the values so we have 45 ,000 is equals to 19 ,000 and e to the power 0 .0308 and multiplied by t so now here we can write 45 ,000 divided by 19 ,000 is equal to e to the power 0 .0308 into t.
01:02 Now this will get cancelled...
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