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

Question for Math! I have a 200-point math test coming up, and I don't get the concept of this question, but if somebody is willing to help me out on this quest

A car starts from rest and travels for 4.0s with a uniform acceleration of + 1.3m/s^2. The driver then applies the brakes, causing a uniform acceleration of - 1

you spent $25 at the store. you bought a book for $8.50 and pencils for $.25 each. how many pencils did you buy?

you spent $25 at the store. you bought a book for $8.50 and pencils for $.25 each. how many pencils did you buy?

PLEASE HELP!! Whats the lifestyle or entertainment in The Odyssey? (I need it for a newspaper project so please answer w a good explanation)

Complete the sentence with a word that means the same as "rare"

how many molecules of oxygen is in water

= A coat is reduced $24 from the original price of $400. What is the percent decrease? The price of the coat decreased by%. K

Find the coordinates of the midpoint of the line segment with endpoints (6, -2) and (-3, -2). midpoint: (x, y) = ( )

= A coat is reduced $24 from the original price of $400. What is the percent decrease? The price of the coat decreased by%. K