americaflores795 americaflores795

04-04-2020
Mathematics

contestada

Using the rule of 72,= , how long will it take for the principal to double with an annual compound interest rate of 6%?>6 years
>9 years
>12 years
>15 years

Respuesta :

kenlingdad kenlingdad

04-04-2020

Answer:

>12 years

Step-by-step explanation:

P' = P (1 + r)ⁿ

P' = 2P

2P = P (1 + 0.06)ⁿ

1.06ⁿ = 2

n = log₁.₀₆ 2 = 11.9

Answer Link

Otras preguntas

The League of Nations was created after World War I as a forum for resolving international conflicts. However, the League was unable to resolve tensions that le

What are the largest square tiles that could completely fill up a space that is 42 x 56

Which blood vessel brings oxygen poor blood to the heart from the rest of the body?

which symbol creates a true sentence 7x6-3x_____5(11-x)

HELP ASAP WILL GIVE BRAINILIST

Gas bubbles form when baking soda and vinegar react

Identify the different reasons people communicate.

Which steps could be used to solve this story problem? At the art store paint costs $5, brushes cost $3, and packs of pastel crayons cost $13. Kari bought 3 po

What is 883.59375 rounded to the tenths?

The human immune system consists of a network of cells, tissues, and organs. the cardiovascular system consists of the heart, blood vessels, and blood. how do t