Answer is 23.10 years for this account to double. I need steps , easy way 42. A savings account is started with $20,000. After t years, the amount in the account isgiven by P(t) = 20,000e0.03t. How many years will it take for the amount in thisaccount to double?

A savings account is started with $20000After t years, the amount in the account is given by…

Answered: A savings account is started with…

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 67SE: Alyssa opened a retirement account with 7.25 APRin the year 2000. Her initial deposit was 13,500....

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Similar questions

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A savings account is started with $20,000. After t years, the amount in the account is given by P(t) = 20, 000e0.03r. How many years will it take for the amount in this account to double?