Answer:
9.9 years
Step-by-step explanation:
A = P e ^(rt)
Where A is the amount in the account
P is the amount invested
R is the interest rate
t is the time
P = 8500
r =7% = .07
A = 17000
Substituting into the equation
17000=8500 e^(.07t)
Divide each side by 8500
17000/8500=8500/8500 e^(.07t)
2 = e^(.07t)
Take the natural log of each side
ln (2) = ln e^(.07t)
ln(2) = .07t
Divide each side by .07
ln(2)/.07 = .07t/.07
ln(2)/.07 = t
9.902102579=t
Rounding to one decimal place
9.9 years
Answer:
— Use NerdWallet to find a better bank account. ... Compound interest is simple: It's the interest you earn on both your original deposit and on the ...
Step-by-step explanation:
Answer:
Here you go.
Step-by-step explanation:
Hope this helps you!
Hope this helps
THE COMPANY PAY EACH MONTH FOR EMPLOYEE MEDICAL BENEFITS? can u ... $200 - $50 = $150 paid by company per employee ... For each employee the company pays 75%