A least one of the annwers above is NOT correct. (1 point) if 7000 dolars is irvested in a bank account at an interest rate of 6 percent per year, Find the amount in the bank after 7 years if interest is compounded continoousty.
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(Round to two decimal places.) How lone will it take for 7000 dolars to increase by a tactor of two (ie. to doutie) if interest is compounded continuously?
◻
(Round to two decimal places.) Hint.
A(t)=P(1 (\pi )/(n))^(nt)
or
A(t)=Pc^(nt)

Question

A least one of the annwers above is NOT correct. (1 point) if 7000 dolars is irvested in a bank account at an interest rate of 6 percent per year, Find the amount in the bank after 7 years if interest is compounded continoousty.

◻

(Round to two decimal places.) How lone will it take for 7000 dolars to increase by a tactor of two (ie. to doutie) if interest is compounded continuously?

◻

(Round to two decimal places.) Hint.

A(t)=P(1 (\pi )/(n))^(nt)

or

A(t)=Pc^(nt)

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