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

(x-20)²=x²-20 show your working out
The ratio of boys to girls in a school iş 3: 2. If there are 600 boys in the school, find the number of girls. ​
4. Calcium oxide is used to make soil less acidic. What is its formula?
Suppose the government levies a tax of $46.40 per case. The tax places a wedge between the price buyers pay and the price sellers receive.
1.2 Describe how external factors influence their own work role earning​
Devaughn's age is two times Sydney's age. The sum of their ages is 27 . What is Sydney's age?
What year were the pyramids built
Mark needs to pay $66.37 less on his utility bill compared to last month. If last month his utility bill was $208.55, how much is Mark paying for his bill this
An appliance store sells 100 microwaves
what is the answer for 2 divided by 78