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

Simon forman, who does attend plague sufferers, is a rare exception: this is because he has himself survived the disease and believes he cannot catch it again.
How is a physical model different from a mathematical model
If a material contains 3 elements joined in a fixed proportion it is an
what effect did globalization have on the united states in the late 1800s and early 1900s?a: immigration decreasedb: inflation increasedc: colonization decrease
a lumberyard worker is cutting three tree trucks into equal sections. the trunks measure 28 feet, 14 feet, and 42 feet. if the sections are as long as possible,
which number is greaer than 0.7
why is lightning dangerous?
Hoy yo ____ (ir) a un guateque campesino. ____ (ser) un ___ (event) especial en Cuba. Hay Mucha ___ (food) y ___ (music). Yo ___ (estar) muy _____ (excited) . P
what is 345/100 in simplest form or can i it be simplified
-3x+3y=-6elimination method