Answer:
Step-by-step explanation:
Answer:
B
Step-by-step explanation:
Yes becySeyuyuu I’m sorry I just woke you wanna I’m gonna text back and get back over here I’ll text you when I leave I’ll come get bud I’ll be home later if I
Answer:
13.86
Step-by-step explanation:
formula for cont. compounding interest is
Amount = Principal * e^rt
in this case the principal is 5000, and the amount is 10000 (double). the rate is 5% or 0.05. and t is what we are solving for.
sub in to get:
10000 = 5000e^0.05t
2 = e^0.05t
now convert to log form.
ln 2 = 0.05t
ln 2 / 0.05 = t
punch that into your calculator and you get 13.86 years
