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

how many thirds in 5

A basketball player achieves a hang time of 0.773 s in dunking the ball. What vertical height will he attain? The acceleration of gravity is 9.8 m/s^2 .

A basketball rolls of a 0.70 m high desk and strikes the floor 0.25 m away from the base of the desk? How fast was the ball rolling?

How is the graph of y=-8x^2-2 diffrent from the graph of y=-8x^2

what type of bond is methane?

2b^2+4b–2=0 what is the answer?

Let E and F be independent events in a sample space S with Pr[E] = 0.4 and Pr[F] = 0.2. Find Pr[EUF] A.0.60 B.0.52 C.0.40 D.0.32 E.0.08

can someone help me with number 25

how many hundredths are in 0.5

Why do you think the governments of the United States and other countries encouraged people on the home front to organized programs for such activities as scrap