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

Louise mowed a neighbor's yard to earn $25. She mowed a few more yards and earned an additional $75. She continued to mow all of the yards each week for a total

What are effectiveness and ineffectiveness of road user??

Which part of photosynthesis uses carbon dioxide?

The way earth moves about the sun is most like

Can someone please help me with these questions

3) Calculate the size of each exterior angle in: (a) a regular 9-sided polygon (b) a regular 40-sided polygon

I don’t get it please help me with this

How do you find each measure for #7?

11. What is the point of greatest emotional intensity in the story “An Episode of War” by Stephen Crane? The lieutenant is struck by a bullet. The lieutenant di

The quantities of x and y are proportional. Find the constant of proportionality (r) in the equation y= rx