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Leni [432]
3 years ago
7

Using the rule of 72,= , how long will it take for the principal to double with an annual compound interest rate of 6%?>6 yea

rs
>9 years
>12 years
>15 years​
Mathematics
1 answer:
larisa86 [58]3 years ago
8 0

Answer:

>12 years

Step-by-step explanation:

P' = P (1 + r)ⁿ

P' = 2P

2P = P (1 + 0.06)ⁿ

1.06ⁿ = 2

n = log₁.₀₆ 2 = 11.9

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olchik [2.2K]

Answer:

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(x - a)² + (y - b)² = r²

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Rule for the new center after translation will be,

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Then she reduced the radius by 1 units.

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Now we substitute these values in the standard equation of the circle to get the equation of the new circle.

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