An Initial Investment of $2000 Grows at an Annual Interest

question 39

Multiple Choice

An initial investment of $2000 grows at an annual interest rate of 4% compounded continuously.How long will it take to double the investment?

• A)17.33 years
• B)18.33 years
• C)18.00 years
• D)17.00 years
• E)1 year

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Definitions:

Isomeric

Pertains to molecules that have the same molecular formula but different structures.

Sigma Bonds

The strongest type of covalent chemical bond, formed by the direct overlap of atomic orbitals, with the electrons shared in an area centered on a line running between the nuclei.

Pi Bonds

Covalent chemical bonds formed by the side-to-side overlap of atomic orbitals, allowing for electron sharing in double and triple bonds.

Hybridization

A concept in chemistry that describes the mixing of atomic orbitals into new hybrid orbitals, suitable for the pairing of electrons to form chemical bonds.