skyotter skyotter

02-12-2016
Mathematics

contestada

*Will give brainliest. $1,500 is invested into an account with an interest rate of 6.75%. How many years will it take for the account to reach $7,300? Round to the nearest hundredth

Respuesta :

Aliwohaish12 Aliwohaish12

27-07-2017

The formula of a continuous compound interest is
A=p e^rt
A future value 7300
P present value 1500
E constant
R interest rate 0.0675
T time?
Solve the formula for t
T=[log (A/p)÷log (e)]÷r
T=(log(7,300÷1,500)÷log(e))÷0.0675
T=23 years

Answer Link

Otras preguntas

Help with french! Write in french 1. I often times feel sad due to my depression. 2. I feel frustrated in school when I have a lot of homework. It overwhelms

Choose the polynomial written in standard form. x^2y^2 + 4x^4y + 10x^6 x^4y^2 + 4x^3y^5 + 10x x^7y^2 + 4x^3y + 10x^3 x^6y^2 + 4x^3y^8 + 10x^2

What are two raw materials necessary for the process of photosynthesis?

Ellen gets paid $18 per hour for the first 8 hours she works each day. She earns 1.5 times her hourly pay rate for time she works over 8 hours each day. Elle

w varies jointly as x and y and inversely as the square of z. If w=280 when x=30, y=12, and z=3, find w when x=20, y=10 and z=2

Read this sentence from paragraph 2. They read it, commented on it in my hearing, and I had the exquisite pleasure of finding it met with their approbation, an

what does rise over run mean

Solve the equation what is 2y-3y=5

_____ is the belief that sacred authority called for hard work, saving, thrift, and honesty as necessary for salvation. a. positivism b. protestant ethic c. fun

Which two economic or political problems is Latin America facing today? a) Women are still expected to carry out traditional roles in many economies. b) All t