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=pe^rt
2=e^0.08t
Log(2)=0.08t*log(e)
0.08t=log(2)/log(e)
T=[log(2)/log(e)]/0.08
T==8.7 years
Answer Link

Otras preguntas

Two 1 litre jugs are each filled with a mixture of olive oil and vinegar. The first jug has 3 times as much as oil as vinegar and the second jug has 4 times as
if you live 35 miles from work & drive 35 mph how long would it take to get there
What is the lateral area of the rectangular prism with a base length of 17 m, a base width of 7 m, and a height of 5 m?
Al washed a car in 6 minutes. Fred washes the same car in 8 min. How long dies it take Al and Fred to wash the car together?
FACTORIZE. 9x2y-24xy2-16y3 solve it
What is the coefficient of y in the expression 12+3y-2x?
The formula C = 20x + 5 models the cost of New York Yankees T-shirts, where C is the cost and x is the number of shirts sold. Choose ALL TRUE statements in the
if you live 35 miles from work & drive 35 mph how long would it take to get there
(X+12) 2 ÷ x2-144 ×-12. 12×-144
FACTORIZE. 9x2y-24xy2-16y3 solve it