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Keonn'a Tarvin
Questions (4)
How long will it take for $1,200 to double if it is invested at 12% annual interest compounded 6 times a year? Enter in exact
1 answer
763 views
A.How long will it take for 3,700 double if it is invested at 9% annual interest compounded 6 times a year.
B. Compounded
1 answer
707 views
How long will it take $3000 to double if it is invested at 10% annual interest compounded 12 times a year.
A=P(1+r/n)^n*t
2 answers
772 views
Compound countinuously, it would only take blank years.
A=Pe^rt A=6000 P=3000` e=e r=0.1 t=? 6000=300e^0.1*t
3 answers
582 views
Answers (2)
A=Pe^rt 6000/3000=3000/3000e(0.1t) 2=e^(0.1t) In 2=In (e^(0.1t) In 2= 0.1t(In e) 0.1t=In(2) t=In(2)/0.1 =0.693147181/0.1 =6.931471806=7 years.
I meant to put 3000 for P