americaflores795 americaflores795

04-04-2020
Mathematics

contestada

Using the rule of 72,= , how long will it take for the principal to double with an annual compound interest rate of 6%?>6 years
>9 years
>12 years
>15 years

Respuesta :

kenlingdad kenlingdad

04-04-2020

Answer:

>12 years

Step-by-step explanation:

P' = P (1 + r)ⁿ

P' = 2P

2P = P (1 + 0.06)ⁿ

1.06ⁿ = 2

n = log₁.₀₆ 2 = 11.9

Answer Link

Otras preguntas

The traits of populations in the forest ecosystem have changed over time. What caused the traits to change?

A climber is on a hike.after 2 hours he is at an altitude of 400 feet. After 6 hours, he is at an altitude of 700 feet. What is the average rate of change?

Pistachios were priced at 3 pounds for $ 6.99. (a) what were the price per pound? (b) how much would 10 pounds of pistachios cost?

her investment grew 22% to$610 how much did she invest____ ( solve as an equation or fraction)

how did martinique gain independence

Veronica earned $150 at work this past week in her paycheck. She wants to buy some necklaces which costs $6 each. She writes a function to model the amount of m

Which is an example of bivariate data?(1) age of students in a club(2) grade level and age of students in a school(3) type of lunch each student orders at schoo

Which situation describes a correlation that is not a causal relationship? (1) Car color and number of car accidents(2) Hours spent studying and test score(3) A

you are building a birdhouse that will have a volume of 128 in^3. the birdhouse will have the dimensions shown a. write a polynomial that represents the volume

why did the citizens of Richmond, Virginia feel upset about the actions at Fort Sumter ?