mtboreman6220 mtboreman6220

09-02-2021
Mathematics

contestada

The number of years it will take for $510 to grow to $1,010.18 at 5 percent compounded annually is ____

Respuesta :

samuelonum1 samuelonum1

11-02-2021

Answer:

13.66 years

Step-by-step explanation:

Given data

P=$510

A=$1,010.18

R=5%

t= ln(A/P)/r

susbstitute

t= ln(1,010.18/510)/0.05

t=ln1.980/0.05

t= 0.683/0.05

t= 13.66

Hence the time is 13.66 years

Answer Link

Otras preguntas

Plz help again! redolent : olfactory :: A. contiguous : sensuous B. assent : dissent C. evocative : sonic D. tangible : tactile

-7/8 ? -14/16 A. < B.> C. =

how do you personally depend on resources from the ocean

Statistics assists in establishing practical guidelines for improvement. Please select the best answer from the choices provided T F

What fraction is equivalent to 4/8

What is a plant we eat the root from? A plant where we eat the stem is?

Find the area! Answer ASAP, please!!!!!!!!!!

Which sentence does not contain any punctuation errors? a.The assumption is not true; therefore, the conclusion is false b.The assumption is not true, therefore

More than half of all teenagers who have tried alcohol also have used illegal drugs. a. True b. False

plant organelles that contain chlorophyll for photosynthesis