1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kolezko [41]
3 years ago
8

(1+(0.065÷365))^365t=4

Mathematics
1 answer:
marta [7]3 years ago
7 0
This is the future value quadrupled in t years at an annual interest rate of 6.5% compounded daily.  We need to find t.

1*(1+0.065/365)^(365t)t=4
take log on both sides,
365t(log(1+0.065/365)=log(4)
=>
365t=log(4)/log(1+0.065/365)
t=(log(4)/log(1+0.065/365))/365
=(1.38629/.000178066)/365
=21.33 years

Check with the rule of 69, applicable to continuous compounding (an approximation to current problem) to double money, it take 69/interest rate in % years.
=69/6.5
=10.62 years
To double twice (quadruple), it takes twice 10.62
=21.24 years, not that far from 21.33 that we got earlier.
You might be interested in
How many significant figures are in each of the following measurements? A. 0.4004 mL. B. 6000 g. C. 1,000 30 km. & D. 400. m
OLga [1]
The rules of significant figures are: 1. all non zeros are significant. 2. trailing zeros are significant. 3. zeros between non-zeros are signifincant. Hence, applying these to the given. 
A. 4 sig figs
B. 1 sig fig
C.6 sig figs
D.1 sig fig
6 0
3 years ago
ALL THE POINTS!! (01.01 LC) What is the rational number equivalent to 3 point 12 with a bar over 12? (1 point) 3 and 4 over 33 3
saul85 [17]

Answer:

A is the answer

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
A mistake was made in the steps shown to simplify the expression. Which step includes the mistake?
Zolol [24]

Answer:

step 4

Step-by-step explanation:

8 0
3 years ago
Read 2 more answers
Classify the following triangle. Check all that apply
Stels [109]

Its equilateral ( all sides are equalA0

Also its acute.

D and F

8 0
3 years ago
$15.00 divided by 4 = ?
GenaCL600 [577]

Answer: 3.75

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
Other questions:
  • Solve for y if : x=3 y= 5x+8
    5·1 answer
  • How many different 4 color code stripes can be made on a sports car if each code consists of the colors green, red, blue, and wh
    7·1 answer
  • Solve: 14 + x = 18<br><br>a.) 32<br>b.) -4<br>c.) 4<br>d.) 16​
    7·2 answers
  • Will give brainliest if correct.
    13·1 answer
  • Please please help help me please please help helps me please ASAP ASAP please ASAP thank you!!
    15·2 answers
  • Note: Enter your answer and show all the steps that you use to solve this problem in the space provided.
    12·2 answers
  • The picture shows the $481 four friends worked together to earn.
    9·1 answer
  • 78300 rounded to the nearest hundred HELP 100 POINTS
    15·2 answers
  • A seed company planted a floral mosaic of a national flag. the perimeter of the rectangular planting area is 420 feet. the lengt
    13·1 answer
  • Use properties to rewrite the given equation. Which equations have the same solution as 2.3p – 10.1 = 6.5p – 4 – 0.01p? Select t
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!