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

Approximately how many miles apart are Petrograd and Moscow ? A. 200 B. 350 C. 500 D. 650
27 devided by 1053 in decimal form like 528.6
Can someone help me with this whole page? Hurry it's due Monday!
|-6|+|3| I really don't get it do I simply find the sum our is it something different plz explain
Find the surface area of a rectangular prism with a length of 6.9mm, a width of 8.2mm, and a height of 14mm.
Add and simplify 9/16 + 1/2= ?
what is the first 12 numbers in pi?
How did rationing support the war effort in ww2?
what are the factor pairs of 38
Each week Suzanne and Sarah drink 2 gallons of milk.HGow many iounces of milk do they drink each Week ?