adiestratton adiestratton

13-03-2021
Mathematics

contestada

Suppose $500 is invested at 6% annual interest compounded twice a year. When will the investment be worth $1000.

Respuesta :

13-03-2021

Answer:

Step-by-step explanation:

[tex]V=P(1+r/c)^{(ct)}\\ \\ V=P(1+.06/2)^{(2t)}\\ \\ 1000=500(1.03)^{(2t)}\\ \\ (1.03)^{2t}=2\\ \\ 2t=ln2/(ln1.03)\\ \\ t=ln2/(2ln(1.03))\\ \\ t\approx 11.7 years[/tex]

Answer Link

Otras preguntas

When a function accepts multiple arguments, does it matter in what order the arguments are passed?

A mineral is observed to become soft and crumbly and develop a reddish color as it undergoes weathering, what process has most likely taken place?

Which director made the Beatles films, A Hard Day's Night and Help? a. Blake Edwards b. Stanley Kubrick c. Richard Lester d. Mike Nichols

solve the equation -9x+1=-x+17

$1334 is deposited into a savings account at 8% interest, compounded quarterly. To the nearest year, how long will it take for the account balance to reach $1,0

Two fair dice are rolled 4 times and the sum of the numbers that come up are recorded. Find the probability of these events. A) the sun is 5 on each of the four

Thermal homeostasis can be defined as… The ability to change internal body temperatures to match changing external environmental temperatures The ability to mai

The true or false questions. Given the command: find /home -name 'f*' If there are matched files, then all the printed paths of the matched files will start wit

In a monohybrid cross of corn plants, purple seeds (P) are dominant to yellow (Y). Both parents in the original cross are homozygous. One has purple seeds, and

A system of linear equations contains two equations with negative reciprocal slopes. Select all of the correct statements. O O A. The system will have two solut