A sum of money is invested at 12% compounded quarterly. About how long will it take for the amount of money to double?

Mathematics

1 answer:

kompoz [17]3 years ago

8 0

Answer:

5.9 years

Step-by-step explanation:

We believe a better representation of the compound interest formula is ...

$V(t)=P(1+\dfrac{r}{n})^{nt}$

We want to find the value of t for P=1 and V(t)=2. We are told n=4, so the formula becomes ...

$2=(1+\dfrac{.12}{4})^{4t}\\\\\log{(2)}=4t\log{(1.03)}\quad\text{take logs}\\\\t=\dfrac{\log{2}}{4\log{1.03}}\approx\boxed{5.9\quad\text{years}}$

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Naddik [55]

Answer:

D) Fluid ounce

Step-by-step explanation:

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<h2>I hope this helps, and stay safe!! :)</h2>

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2 years ago

Read 2 more answers

Take LCM ald then do in full processplease help me

Marina86 [1]

Answer:a) L.C.M OF 2,3,5 is 30

THEREFORE=60/30+15/30÷10/30-6/30

=60/30+15/30×30/10-6/30(DMAS)

=60/30+3/2-6/30

=60+45/30 -6/30(ADDITION FIRST THEN SUBTRACTION.

=105/30-6/30

=105-6/30

=99/30

=33/10

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2 years ago

Find all points having an x-coordinate of 2 whose distance from the point (-1,-2) is 5

mariarad [96]

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