Answer:
20 years
Step-by-step explanation:
<u>Continuous Compounding Formula</u>
where:
- A = Final amount
- P = Principal amount
- e = Euler's number (constant)
- r = annual interest rate (in decimal form)
- t = time (in years)
Given:
- A = $10,000
- P = $5,000
- r = 3.5% = 0.035
Substitute the given values into the formula and solve for t:
Therefore, it will take 20 years (to the nearest year) for the initial investment to double.
First, multiply both sides by y to get rid of that y in the denominator.
Then, rearrange it to put it into standard form so you can easily see the values for a, b, and c.
Plug into quadratic formula, and you get this result:
So, y=4, y=8/3
2 because that’s how the equation is
Answer:
i got 1/12 for 5, 12 for 6, and 1/12 for 7. 8 is 3/2, 9 is 4/5, 10 is 4/9, 11 is 2 1/2.