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

The two prisms below are similar. What is the value of x? A. 30 B. 1 C. 9 D. 3
What are the benefits of cyclic electron flow in photosynthesis?
What is the effect of using the first person in "A Modest Proposal" by Jonathan Swift? A. Readers are able to relate to the narrator's message. B. The point
The graph below shows changes in the concentrations of glucose and insulin in the blood of a human over a period of time. Which statement correctly explains the
PLEASE HELP RIGHT AWAY
Can someone help me please? I will rate, thank, and give brainliest. There is more than one answer. Thank you.
Answer the question in the image
x and y intercepts if y=3(xg1)^2-12​
The Ruíz family is on vacation. Use the pictures to write a sentence with the past participle. Nosotros ____________________. Description of photo: The Ruíz
Help me on one or two I don’t really understand?