shainauwu shainauwu

15-02-2022
Mathematics

contestada

How long would it take for your investment to double if it is compounded continuously at 8.5% interest rate?

Respuesta :

laurynlittle528 laurynlittle528

15-02-2022

Answer:

t = 8.155 years

Step-by-step explanation:

P = 1,000

A = 2,000

r = R/100

r = 8.5/100

r = 0.085 per year,

Then, solve the equation for t

t = ln(A/P) / r

t = ln(2,000.00/1,000.00) / 0.085

t = 8.155 years

Answer Link

Otras preguntas

HELP PLEASE SERIOUSLY evaluate the extent to which the institution of slavery changed in the period from 1754 to 1850?

The element of music that deals with how sound or organized in time is?

Todd Mountain Development Corporation is expected to pay a dividend of $3 in the upcoming year. Dividends are expected to grow at the rate of 7% per year. The r

Which scenario BEST demonstrates the use of the merit system within the bureaucracy? A) A young worker earns a promotion after demonstrating great ability. B)

Pleaseee helpppp ! General Grant focused on "total war" in order to defeat General Lee. The surrender took place where, when, and who surrendered to who? A.Gett

What is an unsaturated solution? O A. A solution that is not able to dissolve any of the solute O B. A solution that cannot dissolve any more solute O C. A solu

If the eyes and jaws of a corpse appear stiff, about how much time has likely passed since death?

This is for homwork

What can you observe about how Earth’s surface changed over time?

what value of n makes the equation true in -2n + 1.8=3.2