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

What is the capital city of QATAR?
An identifiable state resulting from the completion of one or more activites is called a- an event b- an activity c-a milestone d-a path e-the critical path
Everyone in the Security Council has veto power. a. True b. False
Water molecules tend to stick to one another by _____. ionic bonding hydrogen bonding covalent bonding
How do u graph x=68 in an inequality
What are three Eastern Bloc nations as mentioned in lesson 9? Yugoslavia Romania Bulgaria Turkey Poland
24$ saved after 3 weeks 52$ saved after 7 weeks
Which of the following is an adjective? tall hastily call
What is social support?
A cylinder has a radius of 5 yds and a height of 2 yds. What is the surface area of the cylinder? (Use 3.14 for pi.)