Math Problem Statement
A= 4000 P=2000 r=0.035 t=? Solve this in compounded continuously
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Continuous Compounding
Logarithms
Formulas
A = P * e^(rt)
ln(A/P) = rt
Theorems
Continuous Compounding Formula
Logarithmic Function
Suitable Grade Level
Grades 10-12
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