01-11-2020
Mathematics

contestada

How long would it take an investment of $1200 to grow to $2400 if interest is calc at 6.0% per year compounded annually?

Respuesta :

fatimunir24 fatimunir24

01-11-2020

Answer: 11.896 yrs

Step-by-step explanation:

A = P(1+ r/100)^t

2400 = 1200(1+ 6/100)^t

2=1(1.06)^t

2=1.06^t

apply ln both sides

ln 2/ ln 1.06 = t

t = 11.896 yrs

Answer Link

Otras preguntas

Jordan is, ordering a taxi from an online taxi service. The taxi charges $4 just for the pickup and then an additional $2 per mile driven. How much would a taxi

f(x)=4x+4;{-2,-1,0,1,2}

what is 22/55 in simplest form

Which function is nonlinear?

During a 12-hour period, the temperature in a city dropped from a high of 60°F to a low of -25°F. What was the range of the temperatures (in °F) during this per

HELPPPPPPPPPPPPPPPPPPPPPPP T^T PLEASE ANSWER!!!!

Please help polynomial stuff

plz plz follow me plz

areaof a square room is 2601m squared FindThefind its perimeter

Teenagers should not be allowed to drive. Select the evidence that BEST supports this claim. Select one: O Drivers over the age of 70 are the most dangerous dri