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

Write the product as a mixed number. 3 x 3 3/4=
HELP ME NUMBER 7 & 8 Not Number 6 (For number 7 you have to divide
What types of actions use smooth muscles?
what was the capital of the ottoman empire
A bag has 8 bagels. Three of the bagels r cranberry. What % of the bagels r cranberry?
(words in italics were added to the US Constition by the Confederates; text in brackets was removed): "WE, the People of the [United States] Confederated State
The domain name is passed to a domain name server, which maps it to the correct IP address, and then the code behind the page is translated from HTML to a human
Origins of the printing press came from Japan. True False
Jesuits combined Catholic beliefs with _______________ beliefs. a. Calvanist c. Lutheran b. Humanist d. Huguenot
Which is correctly written? A) My little sister loved the 'No Clowning Around' episode of Power Rangers. B) My little sister loved the "No Clowning Around" epi