brando1423 brando1423

03-05-2017
Mathematics

contestada

How long will it take any investment to quadruple if it earns 5.6% interest, compounded continuously

Respuesta :

wolf1728 wolf1728

07-05-2017

For this example we will calculate $100 becoming $400
Years = natural log (Total / Principal) / rate
Years = natural log (400 / 100) / .056
Years = natural log (4) / .056
Years = 1.3862943611 / .056
Years = 24.7552564482
(Roughly 24 (3 / 4) years)

Ver imagen wolf1728

Answer Link

Otras preguntas

Carter and his friends are setting up a lemonade stand in their neighborhood. Their recipe makes 5 cups of lemonade, and calls for 1.5 cups of lemon juice. How

How do I use the quadratic formula for this problem

How do you simplify a fraction?

Which substance has one proton and one neutron? A. H-1 B. H-2 C. He-1 D. He-2

The socinian theory of the atonement holds that

Acid rain falling on a rock outcrop over a period of many years can cause the rock on the surface to dissolve. This is an example of _________.

How did poor farming lead to more cotton production? A.New methods for farming had to be developed. B. Better seeding techniques came about to improve cotton pr

6. Which sentence uses a prepositional phrase? A. Can you slice the pizza properly? B. The pizza and sauce ingredients are the chef's recipe. C. Please take

The speed of sound is dependent on which of the following? the medium through which the sound travels the object that creates the sound the refraction of the so

please help with this