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

what is the meaning or definition of fighting-gear??

16 increased by twice a number is -24. Find the solution??

Please tell me five slogans on conservation of natural vegetation.

Where do the cranial nerves originate? Where do the spinal nerves originate?

Where do the cranial nerves originate? Where do the spinal nerves originate?

The formula C = 20x + 5 models the cost of New York Yankees T-shirts, where C is the cost and x is the number of shirts sold. Choose ALL TRUE statements in the

Who were the Nazis ?

if you live 35 miles from work & drive 35 mph how long would it take to get there

The entire region of Northern Africa and southwest Asia has a climate generally described as?

Terri's teacher gives her the equation 3(5)^x=127-2x, and tells her that she will not know how to solve it algebraically. Explain how Terri could use a graph to