1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stealth61 [152]
3 years ago
8

Determine the time needed for money to triple if it is invested at 4.5% compounded continuously and annually.

Social Studies
1 answer:
mafiozo [28]3 years ago
6 0

Answer:

25 years

Explanation:

Given

Using A = P(1+r/n)^nt

Where P = Principal Amount Invested

r = rate = 4.5% = 0.045

n = annually = 1

t = years = ?

A = Amount = Triple of Principal = 3P

A = P(1+r/n)^nt becomes

3P = P(1+0.045/1)^1*t

3P = P(1.045)^t --------- Divide Through by P

3 = 1.045^t --------- Find the logarithm of both sides

Log3 = Log1.045^t

Log 3 = tLog1.045 --------- Make t the subject of formula

t = Log3/Log1.045

t = 24.9588828983670261

t = 25 (approximated)

You might be interested in
Aspects of learning difficulty in society
Flura [38]

Answer:

When the term "learning disorder" is used, it describes a group of disorders characterized by inadequate development of specific academic, language, and speech skills. Types of learning disorders include reading (dyslexia), arithmetic (dyscalculia) and writing (dysgraphia).

3 0
3 years ago
What is the creation of shared meanings and definitions that motivate and justify collective action?
vfiekz [6]
Idk do your own work
7 0
3 years ago
Dr. Lewis is conducting research on adolescents and their usage of social media. She is keeping track of how many hours per day
yulyashka [42]

Answer:

descriptive                                                            

Explanation:

Descriptive research: The term descriptive research is referred to as a research technique that explains the underlying characteristics of a particular phenomenon or a population being studies in specific research. It mainly aims at the what of the subject of the research instead of why. It is a form of research that precedes an explanatory research. Descriptive research is generally a quantitative research method.

In the question above, the given research is an example of descriptive research.

8 0
3 years ago
If you are first to answer all ur get CORRECTLY brainlist btw brainlist gives u an extra 25 points
harkovskaia [24]
For 13 it’s Jews! I need 20 letters so I’m righting these words
5 0
3 years ago
Read 2 more answers
Drought in Sub-Saharan Africa is MAINLY caused by A) intermittent flooding. B) lack of vegetation. C) warm climates. D) lack of
andreyandreev [35.5K]
Hello there,

Your correct answer would be D) "Lack of rain"

Hope this helps!

~Hottwizzlers
8 0
3 years ago
Read 2 more answers
Other questions:
  • According to sternberg's theory, the elements of successful intelligence are __________.
    5·1 answer
  • How is the canadian sheild alkie than th great plains
    6·1 answer
  • In a mixed market economy, property owned by an individual can be used by all citizens. can be run by a city or state. can help
    7·2 answers
  • In the playground, amanda calls janey names, refuses to include her in a game of hopscotch, and makes fun of her. this is an exa
    12·1 answer
  • Situations Caster Semenya and Oscar Pistorius faced that were negatively exploited by the media
    13·1 answer
  • Control Environment Risk Assessment, Control Activities Information and Communication Monitoring Activities is _____
    5·1 answer
  • What is the name of the 4 cabinets
    6·1 answer
  • In the lesson, you played the role of a juror in the case of Snoozer v. Early. What type of case was it, and what could be its o
    13·2 answers
  • British Officer . Who does this witness say was responsible for the first shots being fired? ​
    14·1 answer
  • What was one impact that the American Temperance Society had on the United States?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!