3 years it would take because of the interest
P= 2500
r= 0.0465
A= P. e^(rt)
Where:
A = final mount
P = principal investment
r= rate
T= time (years)
To double it:
2 x 2500 = 2500 e^(0.0465 x t)
(2 x2500)/2500= e^(0.0465 x t)
2= e^(0.0465 x t)
Ln 2 = Ln e^(0.0465 x t)
Ln2 =0.0465t (Ln e)
Ln2 = 0.0465 t
t = Ln2 /0.0465
t= 14.91 years
Triple:
3 x2500 = 2500 e^(0.0465 t)
(3 x 2500 ) /2500 = e^(0.0465 t)
3 = e^(0.0465 t)
ln3 = ln e^(0.0465 t)
ln3 = 0.0465t Lne
ln3= 0.0465t
ln3/0.0465 =t
t= 23.63 y
Answer:
Step-by-step explanation:
s=5?
t=5?
3(5) - 3(5) +3
(15) -15 = 0
0 + 3 = 3
