mariperez955 mariperez955
  • 03-12-2017
  • Mathematics
contestada

if tanisha has $100 to invest at 9% compounded continuously, how long will it be before she has $250?

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 03-12-2017
The formula is
A=pe^rt
A future value 250
P present value 100
E constant
R interest rate 0.09
T time?
250=100e^0.09t
Solve for t
250/100=e^0.09t
Take the log
Log (250/100)=log (e)×0.09t
0.09t=log (250/100)÷log (e)
T=(log(250÷100)÷log(e))÷0.09
T=10.18 years round your answer to get 10 years

Hope it helps!
Answer Link

Otras preguntas

Distinguish among hypertonic hypotonic and isotonic solutions
which of the following does not describe a major difference between the up country and the low country? A. Up country farms mainly grew corn, low country farms
A plumbing contractor bid the​ rough-in work for a new​ three-story office building based an estimate of 850 hours of a​ journey-level plumber's time on the job
I need help please !!!!!!
What was an investment of money to make a profit
An ionic bond is most likely to form between: a) a negatively and a positively charged ion. c) two uncharged atoms. b) two positively charged ions. d) two ne
I need the answers please
PLEASE HELP! Question 1 Unsaved Dystopias create 'worst case scenarios' out of current social, governmental, or technological trends. Based on our readings in
Describe rashad and Quinn
Most energy sources of the earth were originally supplied from _____. wind energy nuclear energy geothermal energy solar energy