Answer:
10.24 years
Step-by-step explanation:
The computation of the time period is as follows:
As we know that
Amount = Principal × (1 + rate of interest)^time period
£8000 = £4000 × (1 + 0.07)^time period
£8,000 ÷ £4,000 = 1.07^time period
2 = 1.07^time period
Now apply the log to the both sides
log 2 ÷ log 1.07 = time period
= 10.24 years
Answer:7
Step-by-step explanation:
Answer:I = ?, P = $500, r = 6%, t = 3 years
Step-by-step explanation:
-4 - 1/3=-4.33333333333<span>
-4 - -1=-3
1/3 - 2=</span>-1.66666666667<span>
1/3 - 3 1/2=</span>-3.16666666667<span>
2 - 3 1/2=</span>-1.5<span>
-1 - 3 1/2=</span><span>-4.5</span>
