Get 2 FREE Instant-Explanations on Filo with code FILOAPP

In a bank, principal increases continuously at the rate of r%

Question

In a bank, principal increases continuously at the rate of $r %$ per year. Find the value of $r$ if $R s .100$ double itself in $10 ye a rs$ $(l o g_{e} 2 = 0.6931)$ .

Views: 831 students

Found 6 tutors discussing this question

Chloe Discussed

In a bank, principal increases continuously at the rate of

r %

per year. Find the value of

r

R s .100

double itself in

10 ye a rs

(l o g_{e} 2 = 0.6931)

14 mins ago

Discuss this question LIVE

14 mins ago

One destination to cover all your homework and assignment needs

Learn Practice Revision Succeed

Instant 1:1 help, 24x7

60, 000+ Expert tutors

Textbook solutions

Big idea maths, McGraw-Hill Education etc

Essay review

Get expert feedback on your essay

Schedule classes

High dosage tutoring from Dedicated 3 experts

Trusted by 4 million+ students

Stuck on the question or explanation?

Connect with our math tutors online and get step by step solution of this question.

231 students are taking LIVE classes

Question Text

In a bank, principal increases continuously at the rate of

r %

per year. Find the value of

r

R s .100

double itself in

10 ye a rs

(l o g_{e} 2 = 0.6931)

Filo tutor solution