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

A thundercloud has an electric charge of 48.8 C near the top of the cloud and –41.7 C near the bottom of the cloud. The magnitude of the electric force between
Is 5.23 * 10 the 8th power in scientific notation?
Work out the highest common factor (HCF) of 18 and 30
1 Which sentence emphasizes how the world has changed since Felicia was younger? A "For memory's sake, she drove by her old house and the houses of friends she
need help with this pls
Which person said that people were basically reasonable and moral also that people had natural rights? Group of answer choices A. Baron De Montesquieu B. Thomas
What large body of water borders the african continent to the north?
Joslynn makes $8.25 per hour babysitting. If she made $123.75 last week, then how many hours did she work last week?
A county fair charges $9.00 for admission and $2.50 per ride. If Latisha spent $49 on admission and rides, how many rides did Latisha ride?
This person overcame gender and racial barriers and was a woman elected to congress who am i?