Ask question

Ask question

All categories

rosijanka [135]

3 years ago

8

If $10,000 is placed in an investment paying 4.8% yearly interest compounded annually, how long will it take for the account to

double?

1 answer:

vaieri [72.5K]3 years ago

4 0

Answer:

15 years.

Step-by-step explanation:

We have the equation:

20000 = 10000(1 + 0.048)^t where t is the number of years.

1.048 t = 20000/10000 = 2

Taking logs:

t ln 1.048 = ln 2

t = ln 2 / ln 1.048

t = 14.78

You might be interested in

Write a linear function that relates y to x <br><br> y=

son4ous [18]

y=x-2

hope this helped :)

7 0

2 years ago

What’s the answer to this

stepan [7]

Answer:X=2, and -36

Step-by-step explanation:

Ehh

5 0

3 years ago

Read 2 more answers

alex bakes $24$ apple, blueberry, and cherry pies. The ratio of apple to blueberry to cherry pies is $1:4:3$. How many cherry pi

Kitty [74]

Answer:

Alex baked 9 cherry pies

Step-by-step explanation:

apple : blueberry : cherry = 1:4:3

apple + blueberry + cherry = 24

1 part: 24 / ( 1+4+3) = 24 / 8 = 3

** Cherry has 3 parts: 3 x 3 = 9

check: apple = 3 x 1 = 3

blueberry: 3 x 4 = 12

12 + 3 + 9 = 24

6 0

3 years ago

her garden is 5ft wide and 4ft long she plans to mput a post at each corner and at evert foot how many fence posts will she need

VARVARA [1.3K]

18 is your answer I believe

Hope this helps :)

5 0

3 years ago

Help me please HElp me please!?

lukranit [14]

Its the last answer because you would move the decimal to the right three places

3 0

2 years ago

Read 2 more answers