americaflores795 americaflores795

04-04-2020
Mathematics

contestada

Using the rule of 72,= , how long will it take for the principal to double with an annual compound interest rate of 6%?>6 years
>9 years
>12 years
>15 years

Respuesta :

kenlingdad kenlingdad

04-04-2020

Answer:

>12 years

Step-by-step explanation:

P' = P (1 + r)ⁿ

P' = 2P

2P = P (1 + 0.06)ⁿ

1.06ⁿ = 2

n = log₁.₀₆ 2 = 11.9

Answer Link

Otras preguntas

Need help with this VOCAB ASAP!!!PLEASE MAKE SURE U KNOWN ITS RIGHT

who is your favorite character in Tokyo revengers?

If f(x) = 2x – 1 and g(x) = x^2 – 2, find [g ◦ f](x). Show work please

What effect do tax incentives have on economic development? A. Tax incentives have no impact on economic development. B. Tax incentives only allow the rich to g

A clothing factory makes small, medium, and large sweaters. Last week, the factory made 1,612 sweaters. The factory made 3 times as many small sweaters as large

30 POINTS And please be fast

Lucas found some old things in the attic. Say to whom they belong by rewriting the phrases. Use the correct possessive adjective for each. unas novelas de Ricar

Add. (4x2 – 2x) + (5x - 7) O A. 9x2 - 9x B. 4x2 + 3x-7 C. 20x3 - 38x2 + 14x O D. 4x2 - 7x+7 SUBMIT

Which of the following examples does Carson use in Silent Spring to show the dangers of pesticides? A. farm animals became sick and died B. the birds disappear

How did the Balfour Declaration contribute to tension between Jews and Arabs? It created the state of Israel. It supported the establishment of a Jewish homelan