Answer:
11 years approx
Step-by-step explanation:
Given data
P=$1000
A=2000
R=6.5%
T= ?
Calculate time, solve for t
t = ln(A/P) / r
substitute
t=ln(2000/1000)/0.065
t=ln(2)/0.065
t=0.693/0.065
t=10.66
Hence the time is 11 years approx
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Answer:
y = 8
Step-by-step explanation:
if you do -2 + -2 and add ten to it you get 8
The formula of compound continuously is
A=p e^rt
A future value?
P present value 300
R interest rate 0.07
T 4 years
E constant
A=300×e^(0.07×4)
A=396.94 round your answer to get
A=397
Graph? Or diagram? .................
