Answer:
5, 5+ 5(1/5) 5 is the number
Answer:
you need to have values to solve for this
Step-by-step explanation:
<span>First, calculate the difference in the interest rates. 9.85% - 2.5% = 7.35%. One month's worth of interest is 1/12 of that yearly rate, so 7.35%/12 = 0.6125% monthly. Then multiply that by the $435. $435 * 0.6125% = $2.66
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F(t) = 1000 * 1.,08 * t
Initiaton deposition 1000
interest annually
t = years
How long does it take to double the amount , 1000 * 2= 2000
2000 = 1000 * 1,08^t
2000 / 1000 = 1,08 ^t
2 = 1,08^t
log 2 = log 1,08 ^t
log 2 = t * log 1,08
log 2 / log 1,08 = t
t = 9 years
