Jacobs college savings are invested in a bond that pays an annual interest of 6.2% compounded continuously. How long will it take for the money to triple

Therefore the value of bond will triple after 17.72 years.

Step-by-step explanation:

The formula of Compounded continuously

A= Amount after t year

P= initial amount

r = rate of interest

t= time in year.

Given that,

Jacobs college saving are invested in bond that pay 6.2% compounded continuously.

Let after t years the initial amount P will be triple i.e 3P.

Here P=P, A=3P, r= 6.2%=0.062

  [ Multiply both sides]

Taking ln both sides

       [ since ]

years

Therefore the value of bond will triple after 17.72 years.

you didn't post any answer choices, so its not 100% clear what your teacher is looking for

however, log(15/7) is equivalent to log(15) - log(7)

i'm using the rule log(x/y) = log(x) - log(y)

from the sentence, "tomorrow morning, akiko will arrive an hour late" depicts a third person perspective because it doesn't use any pronoun to replace akiko, the subject of the sentence, and it is in singular form since akiko is only one person.