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]
4 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]4 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
What made it easier for the Europeans to trade
Kisachek [45]
They made a trade route called the silk road all the way through europe.
8 0
3 years ago
A mixed economy is. Please help me out with this
mamaluj [8]

Answer:  A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims. According to neoclassical theory, mixed economies are less efficient than pure free markets, but proponents of government interventions argue that the base conditions required for efficiency in free markets, such as equal information and rational market participants, cannot be achieved in practical application.

Explanation:

5 0
3 years ago
Answer this complete sentence
Citrus2011 [14]

Answer:

Having to provide for the child and the pain of birthing the child.

Explanation:

5 0
3 years ago
Read 2 more answers
What should community safety look like and how can we attain that? i just need some other ideas pls :)) thank youuu
vladimir1956 [14]

Answer:

Explanation:

Community safety is basically the same as safety anywhere. It is when the individuals within the community have the peace of mind of walking at any hour around the community as well as leave their kids playing in the street knowing that no one is going to harm them and they are as safe as if they were inside the house. This may or may not be attainable but there are many things that can be done to help make the community safer. Neighborhood Watch is one way, having people take turns looking over the community and reporting anything suspicious helps drastically. Community Meetings, having meetings to talk about important safety issues and changes that can be made also helps. Fast Response, if something happens and the community has a fast medical, police, fire, etc. response it helps make the community members feel safer knowing if something happens help will arrive fast.

3 0
3 years ago
Donald lives in Canada and is proficient in English and Canadian French. His French is good enough, in fact, that he applies and
adelina 88 [10]

The best explanation for Donald's experience is  Paris French is a kind of cultural capital that helps open doors to opportunity.

<h3>What is a cultural capital?</h3>

This is a term that is used to describe the social assets that a person has. The cultural capital of a person has to do with all of the following

  • Their education
  • Their intellect
  • How they speak
  • How they dress

Donald does not have the ability to speak the same way with these people yet due to difference in his kind of French.

Read more on cultural capital here:

brainly.com/question/5923187

3 0
3 years ago
Other questions:
  • What was Georgia colony’s main role in the trade with England
    10·1 answer
  • What is the difference between a universal and ethnic religion?
    6·2 answers
  • How do products and ides move
    15·1 answer
  • Suppose you are at a store and you see something you would really like. You know your spouse will be very angry if you buy it an
    13·1 answer
  • What kind of challenges are faced it he professions are chose without interest and capacity
    11·1 answer
  • the Sixth Amendment right to an impartial jury requires the pool of prospective jurors be drawn at random so that the pool comes
    12·1 answer
  • A is any substance found naturally occurring on Earth.
    11·2 answers
  • What country did many young women with little resources immigrate from
    7·1 answer
  • Question 3
    7·1 answer
  • How does your business connect with and support your community?.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!