We have been given that you invest $100,000 in an account earning 8% interest compounded annually. We are asked to find the time it will take the amount to reach $300,000.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount after t years,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.






Let us take natural log on both sides of equation.

Using natural log property
, we will get:




Upon rounding to nearest tenth of year, we will get:

Therefore, it will take approximately 14.3 years until the account holds $300,000.
Answer:
$10
Step-by-step explanation:
1000 divided by 100 = 10
so $10 is the answer
then 100 tickets = $1000
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Answer:
bat kelangan mo pa hanapin yung value ng x? iniwan ka na nya diba?
Answer: The answer would be 20
Step-by-step explanation: