The answer to your question is 3
Answer:
option 1 is true. -1/2=-0.5
X = 4 because 1 over 24 times 4 is 4 over 24 which is converted to 1 over 6
Answer:
13.86
Step-by-step explanation:
formula for cont. compounding interest is
Amount = Principal * e^rt
in this case the principal is 5000, and the amount is 10000 (double). the rate is 5% or 0.05. and t is what we are solving for.
sub in to get:
10000 = 5000e^0.05t
2 = e^0.05t
now convert to log form.
ln 2 = 0.05t
ln 2 / 0.05 = t
punch that into your calculator and you get 13.86 years
