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Dominik [7]
3 years ago
5

How long will it take for an investment to triple if it is compounded continuously at 12%

Mathematics
1 answer:
myrzilka [38]3 years ago
3 0

Answer:

9.694 years

Step-by-step explanation:

Let the investment is $P.

So, we are asked to determine the time it will grow to triple with the compound interest rate of 12%.

Let the time is y years.

So, from the formula of compound interest we can write

3P = P(1 + \frac{12}{100} )^{y}

⇒ (1 + \frac{12}{100} )^{y} = 3

⇒ (1.12)^{y} = 3

Now, taking log both sides we get,

y log 1.12 = log 3 {Since, \log a^{b} = b \log a }

⇒ 0.04922y = 0.477712

⇒ y = 9.694 years (Answer)

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4. multiply to -18 add to 7= </span><span>Multiplying +9 and -2 will give -18 as the result and then on adding +9 and -2 the result comes to 7
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3 0
3 years ago
The numbers Of students in the four sixth-grade classes at Northside School are 26,19,,34,and 21.Use the properties to find the
Dafna11 [192]
Basically there are 3 addition properties and they are associative property, identity property, and commutative property.

Commutative property is just changing the order of the addends. Example: 26+19+34+21= 21+34+19+26

Identity Property is just adding a 0 to the number that doesnt change anything. Example: 26+19+34+21 +0 = 100

Associative property is just changing the grouping of the addends. Example: (26+19) + (34+21)

I know these properties may be complicated i know inhate them too haha but i hope i helped :) if you want you can search up the distributive property too but its with multiplication and addition combined and its harder but i think these are the 3 main properties.
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3 years ago
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4 0
2 years ago
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jasenka [17]

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8 0
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A local library claims it has 2.73x103 books. If there are 42 people in the building, how many books per capita are there?
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Answer:

63 books per capita in the library

<em></em>

Step-by-step explanation:

Given

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Hence;

<em>There are 63 books per capita in the library</em>

7 0
3 years ago
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