mariperez955 mariperez955
  • 03-12-2017
  • Mathematics
contestada

if tanisha has $100 to invest at 9% compounded continuously, how long will it be before she has $250?

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 03-12-2017
The formula is
A=pe^rt
A future value 250
P present value 100
E constant
R interest rate 0.09
T time?
250=100e^0.09t
Solve for t
250/100=e^0.09t
Take the log
Log (250/100)=log (e)×0.09t
0.09t=log (250/100)÷log (e)
T=(log(250÷100)÷log(e))÷0.09
T=10.18 years round your answer to get 10 years

Hope it helps!
Answer Link

Otras preguntas

how do you find 3 (x-2)^2
The _______ in plants is directly responsible for absorbing light energy. a. stroma b. thylakoid c. grana d. chlorophyll
write a number in which the digit 2 is one tenth the value of the the digit 2 in 8.524
12 is what percent of 4,000
what is 185% as a decimal and as a mixed number
Which of these statements correctly expresses a similarity between ancient India and ancient China? A. Both developed democratic governments. B. Both followed
what fraction is equivalent to -0.12
Which of the following is a polynomial function in standard form with zeros at –8, –1, and 3? A) f(x) = (x + 8)(x + 1)(x – 3) B) f(x) = x^3 – 6x^2 – 19x + 24 C)
What is -24 feet per 2 seconds as a unit rate in feet per seconds
Why do you think rates are usually written as unit rates?