Mary Ellen invests $4000 in an account that earns 1.8% annual interest compounded monthly.
1 answer:
Answer:
22.5 years to the nearest tenth.
Step-by-step explanation:
The equation is
6000 = 4000(1 + 0.018/12)^12t where t = the number of years
(1 + 0.018/12)^12t = 1.5
1.0015^12t = 1.5
Taking logs:
12t log 1.0015 = log 1.5
12t = log 1.5 / log 1.0015
12t = 270.51
t = 22.54 years.
You might be interested in
Answer:
a=25 b=68 c= 12.75 d=100
Step-by-step explanation:
i hope this helped you have a great day luv
Answer:
882y,com hi
Step-by-step explanation:
hi hi hi hi hi hi hi hi hi
Answer:
meh
Step-by-step explanation:
Answer:
46 / 5 + 9.2 so 9 videos
Step-by-step explanation:
I could be wrong but I’m pretty sure that there is no solution, and the statement is false.
