timbee747 timbee747
  • 12-06-2014
  • Mathematics
contestada

How long will lucy have to wait before her $2500 invested at 6% earns $600 ?

Respuesta :

Аноним Аноним
  • 30-06-2014
[tex]\$2500+\$600=3100\$\\\\100\%+6\%=106\%=1.06\\\\\$2500\cdot1.06^n=\$3100\ \ \ /:\$2500\\\\1.06^n=1.24\\\\log_{1.06}1.06^n=log_{1.06}1.24\\\\n=log_{1.06}1.24\\\\n\approx4\ (years)[/tex]
Answer Link

Otras preguntas

Need help with this question
Text coerent despre o zi la picnic cu3 conjunctii compuse,simple si cu locutiuni conjunctionale.
HELP PLEASE! 40 POINTS AND WILL MARK BRAINLIEST. The number 97 is a term of the sequence defined by the explicit rule f(n)=4n-3. Which term in the sequence in 9
In the equation 0.44 x 0.72 = n, what is the value of n?
Find the mass of 250 mL of water. The density of water is 1 g/mL.​
Among the following, which is considered to be the most commonly used search engine?
What is the value of h in the figure below? In this diagram, ABAD - ACBD. h 16 C 25 A. 16 9 B. 400 C. 12 D. 9 E. 225 0 0 F. 16
explain the geographical importance of forests
the difference of an art drawn by hand and by computer​
1 p Find the slope using these two coordinate points: Leave your answer as a fraction. * (-2, 2) and (5, – 4) Your answer Submit