adiestratton adiestratton

13-03-2021
Mathematics

contestada

Suppose $500 is invested at 6% annual interest compounded twice a year. When will the investment be worth $1000.

Respuesta :

13-03-2021

Answer:

Step-by-step explanation:

[tex]V=P(1+r/c)^{(ct)}\\ \\ V=P(1+.06/2)^{(2t)}\\ \\ 1000=500(1.03)^{(2t)}\\ \\ (1.03)^{2t}=2\\ \\ 2t=ln2/(ln1.03)\\ \\ t=ln2/(2ln(1.03))\\ \\ t\approx 11.7 years[/tex]

Answer Link

Otras preguntas

for an equation with no solution the values

ing leaves, stems, roots, and fruits, may be reduced in size. 2 Read this sentence from the passage and the directions that follow. High salinity (saltiness) ca

The number one is never written in the formulas for chemical compounds True or False for 15 points

i don’t know if y’all would be able to do this without the sound but if you can help pleaseee help!

What is the slope of a line that passes through the ordered pairs (1,-4) and 7 points (-1, 2)? *

The ratio of boys to girls in a classroom is 2:1. If there are 18 boys, how many girls are there? please help

Based on the sentences, what does "rowdy" mean?

17. For how long should a force of 130 N be applied to an object of mass 50 kg to change its speed from 20 m/s to 60 m/s? a. 0.031 s b. 0.065 s c. 15.4 s d. 40

how would you argue for the position that the universe was supernaturally created?

Math 10 points if u get right answer