Solve this application using logarithms.

How long will money in savings take to double at 5% interest compounded annually? Round the answer to the nearest hundredth of a year.

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04-05-2018
Mathematics

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Solve this application using logarithms.

How long will money in savings take to double at 5% interest compounded annually? Round the answer to the nearest hundredth of a year.

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216 = (1/36 )^ x−1 how would you solve this?

Cowmilk Cowmilk · Answer 1 · 2018-05-04T16:43:33+02:00

Cowmilk Cowmilk

04-05-2018

Ao is your initial value but since you want your initial to double doesn't matter what that exact value is. R is the rate at 5% (as a decimal) and n is the compounding annually, which is equal to 1.

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Brookefarrington2 Brookefarrington2 · Answer 2 · 2019-03-15T03:01:20+01:00

Brookefarrington2 Brookefarrington2

15-03-2019

Answer:

14.21

Step-by-step explanation:

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Solve this application using logarithms. How long will money in savings take to double at 5% interest compounded annually? Round the answer to the nearest hundredth of a year.

Respuesta :

Otras preguntas

Solve this application using logarithms.

How long will money in savings take to double at 5% interest compounded annually? Round the answer to the nearest hundredth of a year.