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

An ethical dilemma refers to a situation where you must: treat someone unfairly. balance the concerns of profit and legality. choose between equally unsatisfact

What is the function of transport proteins in the plasma membrane?

How old were in this valley cities different from cities of other early civilizations

Miranda has 24 cds in her collection.Of those cds ,10 are pop cds.she gas6 more country cds than Jazz cds.How many country cds does Miranda have?

What were TWO effects of the invention of the compass on China during the Middle Ages? 1. It enabled the Chinese people to navigate the seas and participate in

Please help with the answer

Can someone write me an argumentative essay on “what caused the Salem witch trial hysteria of 1692?”

Graph f(x)=3/2x+2 Use the line tool and select two points to graph the line.

what is the United States a developing country or developed country?

will mark brainest help please !!!