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

Need help with this ASAP also have more questions on my account to if you guys could help me it’d be really appreciated

Hydrothermal solutions may form deposits of metals such as gold, silver, and mercury.where do these deposits usually form?

A 1500 kg car speeds up from zero to 3.0 ms. it has kinetic energy of 6750 J at top spreed. True or False?

7. Why do political parties fight so hard for control of Congress and state legislatures?

What is required to make soil fertile?

63-Hale- “You are Goodwife Proctor.” – Why does Miller use the word “Goodwife” here instead of “Goody”?

what kinds of way can you use color in your image to tell a story

There is a picture of the maths question

How many cents are d dimes and q quarters? Brainliest.

WHY did Sonia Jabbar start the Hathi Sathi Foundation?