gracelydia26 gracelydia26

27-08-2020
Mathematics

contestada

If $10,000 is placed in an investment paying 4.8% yearly interest compounded annually, how long will it take for the account to double?

If 10000 is placed in an investment paying 48 yearly interest compounded annually how long will it take for the account to double class=

Respuesta :

oscar236 oscar236

27-08-2020

Answer:

15 years.

Step-by-step explanation:

We have the equation:

20000 = 10000(1 + 0.048)^t where t is the number of years.

1.048 t = 20000/10000 = 2

Taking logs:

t ln 1.048 = ln 2

t = ln 2 / ln 1.048

t = 14.78

Answer Link

Otras preguntas

Write an integer expression that has the same value as 36/(-9)+(-5)

Dominic and Terrell plan to start their weekend backpacking trip on FRIDAY at 2:10 P.M. and return home on SUNDAY at 11:30 A.M. How many days, hours, and minute

Please can someone help me, I'm stuck on this question. Please!!Given CHBR ≅ AFSM, what is m<M A. 72° B. 91° C. 117° D. 80°

Dr potter provides vaccinations against polio and measles. Each polio vaccination multi-dose vial consists of 44 individual doses, and each measles vaccination

Need help please! Not sure how to do this

anyone know how to find the distance of a line using pythagorean theorem please examples

I need help with these problems #3,4,5, and 6

write a number sentence to add 6 ones to 21

2. How do the styles and themes of “Theme for English B” and “Ballad of Birmingham” compare? Answer this question in at least a paragraph and make sure to cite

Who is most associated with the beginning of modern music? a. Wassily Kandinsky b. Georges Braque c. Igor Stravinsky d. Edouard Manet