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 equivalent to 7.4 kilograms

Why would a freedman agree to become a sharecropper?

Identify two different habitats in a prairie ecosystem.Name one organism found in each habitat.

Given that cos (x) = 1/3, find sin (90 - x)

why did Germany abandon the "Sussex pledge"

how many times is 5 bigger than 0.5?

Which of the following is NOT an example of a liquid asset? a. cash c. a certificate of deposit b. travelers’ checks d. a checking account

Which is a true statement? Themes are implied by the writer and are never obvious. Themes may be specific to one culture or apply to multiple cultures. Themes a

Which statement describes the general trends in electronegativity and first ionization energy as the elements in Period 3 are considered in order from Na to Cl?

how many times is 5 bigger than 0.5?