The equation is:
20,000 * e^(0.15 t) = 28,000
e^( 0.15 t ) = 28,000 : 20,000
e^( 0.15 t ) = 1.4
0.15 t = ln 1.4
0.15 t = 0.3365
t = 0.3365 : 0.15
t = 2.24 ≈ 2
Answer:
A ) 2 years.
Answer:
78
Step-by-step explanation:
is there more to this problem?
13. 00* 6 = 78
Answer:
The Final Investment Value is
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Answer: m = 16
Step-by-step explanation:
2m² + 16 = 2m
2m² - 2m = 16
m = 16