Answer:
d 20.4 years
Step-by-step explanation:
The equation is
A = Pe ^(rt)
We know that r = .034
We want the money to double so A = 2P
Substitute in
2P = P e ^(.034t)
Divide by P
2P/P = P/P e ^(.034t)
2 = e^ (.034t)
Take the natural log on each side
ln (2) = ln(e^ (.034t))
ln (2) = .034t
Divide by .034
ln (2) /.034 = .034t/.034
ln (2)/.034 = t
20.3867 =t
Answer:
<em>The simple interest is $11,212.5 and the equation to determine Josh's simple interest is I = PRT/100</em>
Step-by-step explanation:
The formula for calculating simple interest is expressed as;
SI = Principal * rate * time/100
SI = 50,000 * 6.9*39/100*12
SI = 500*6.9*39/12
SI = 134,550/12
SI = 11,212.5
<em>Hence the simple interest is $11,212.5 and the equation to determine Josh's simple interest is I = PRT/100</em>
P is the amount borrowed
R is the interest rate
T is the time in years
Distribute first.
.75 times 8 + .75 times e, which is 6+.75e = 2-1.25e
Then subtract 2 from both sides,
4+.75n=-1.25e
Next subtract .75 from both sides,
4=-2e
Divide both sides by -2, and you will get e= -2. Hope this helps!
N/A
Step-by-step explanation: Just pay attention Haden
Answer:
1100000
Step-by-step explanation:
