beccagriffis4267 beccagriffis4267

01-12-2017
Mathematics

contestada

Using the formula a=p(1+r/n)^nt find how long it takes an investment to double if it is invested at 8% interest compounded monthly

Respuesta :

jorel1380 jorel1380

03-12-2017

2=(1+.08/12)^12t
2=(1.006666666666667)^12t
ln 2=ln (1.00666666666667)^12t=12t ln(1.00666666666667)
104.31826687071655449132631504323=12t
t=8.7 years

Answer Link

Otras preguntas

Alice had x dollars in her account. She spends $35.31 to buy Medicines for her grandmother. If the balance in her account is $161.23, what was the amount in her

A car is running with velocity of 72 km/h .what will be its velocity after 5s if its acceleration is -2m/s2

Highest Common Factor of 42

Angus sprintedthe finish line.1. till2. Up3. toward4. on

What happens to angles under a dilation?

How can the standard form of a linear function be used to model real-world scenarios?

what is the role of heat in the formation of new rocks

When early embryo are releasing chemicals to nearby cells to elicit protein production in the activated neighboring cells. What is the primary function of the s

Analyze the diagram below and complete the instructions that follow. Find the value of x and the value of y. A. x=22/2, y = 8 B. X= 2, y = 416 C. x=21/2, y= 2/6

If 3/5 of a cup of water fills 3/4 of a plastic container, how many containers could you fill with one cup of water?