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

The currently used binomial nomenclature was developed by _____. Ray Linnaeus Aristotle
what factors does weight depend on science
whitney says that to add fractions with diffrent denominatros, you always have to multiply the denominators to find the common unit;for example 1/4
Which two key principles of government are included in the Declaration of Independence?
what are the partial products of 42 times 5
Hirva ate 5-.8 of a medium pizza.elizabeth ate 1-.4.how much pizza did they eat together
what are the partial products of 42 times 5
Cell division is preceded by two growth phases. Besides growth, both G1 and G2 a. contain checkpoints that determine if the cycle will continue. b. help move ch
factor the expression y2+6y-16
what is 90 mi/h to mi/min