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

Help me with this question plz

In Japan, there is something called Anime, It's a form of animation in Japan and is one of the most popular types of tv since what year?

PLZ HELP ME AND IF U CAN XPLAIN

look at the image below

I need help plss ( math ) SOMEONE ASAP

am thinking of a number multiplying it by 4 then subtracting 6 the answer is greater than 14. Write the inequality

(08.01 LC) 4 A cylinder has a height of 5 meters and a diameter that is 4 times the measure of the height. Using 3.14 for pi, which of the following can be used

complete the table below?

5. Determine the number of square units in the area of the trapezoid whose bases are 3-X units and 10+X units and whose height is 6 units.

The TV report about working conditions brought us a lot of bad _____. Select one: a. exhibitions b. equities c. publicity d. management