megankate38 megankate38
  • 01-03-2017
  • Mathematics
contestada

How long does it take for an investment to double in value if it is invested 8% per annum compounded monthly? Compounded continuously? It's number 29.

How long does it take for an investment to double in value if it is invested 8 per annum compounded monthly Compounded continuously Its number 29 class=

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 01-03-2017
2p=p(1+0.08/12)^12t
T=[log(2)/log(1+0.08/12)]/12
T==8.7 years
Answer Link

Otras preguntas

What is the difference between displacement and double displacement reactions?Write equations for these reactions?
Kim estimates that the faucet in her kitchen drips at a rate for 1 drop every 2 seconds. Erik wants to klnow how many times the faucet drips in a week.
What do you mean by corrosion? How can you prevent it?
how do I solve x+2y=8
Round 13 513 to the nearest thousand
Question: 35/8 ( write as mixed number ) Please help me very very quickly!!!!!!!!!!!!!!!!!!!
what city is located 60 north 25 east
how do I solve x+2y=8
How many eights are there in 6 1/2
a person who studies word origins and meanings would most likely be a