KN6ic0knestimegabroo KN6ic0knestimegabroo
  • 17-03-2017
  • Mathematics
contestada

If $6,000 is placed in an account with an annual interest rate of 6%, how long will it take the amount to triple if the interest is compounded annually? round your answer to two decimal places.

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 17-03-2017
3p=p(1+0.06)^t
3=(1.06)^t
T=log(3)÷log(1.06)
T=18.9 years
Answer Link

Otras preguntas

What is the inequality shown?​
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year. B
4. Find an equation of the line that is tangent to the graph of 4x + 2xy^2 +44 = y^3 at the point (-3,2). i need this asap.
HELP!IM DESPERATE!PLEASE!
.Which of the following shapes could have a triangular cross-section? Prism ,Cone ,Cylinder ,Pyramid ?A) Prisms onlyB) Prisms and Cones C) Prisms, Cones, and Py
I NEED HELP FAST PLEASEEEEEEE
Question 2 of 10 Where can you usually find the central claim of an argumentative research essay? A. The conclusion B. The last paragraph C. The first paragraph
Which of these strategies would eliminate a variable in the system of equations? -7x + 2y = 5 3х- 5y = -5
New sea floor is created when plates move away from each other what is this type of boundary called ?
Enter the value of 5. (1+ 3.2).