(See attached formula)
Years = log (total / principal) / n*log(1 + rate/n) where n = compounding periods per year
Years = log (total / principal) / n*log(1 + rate/n)
Rate of .75% = .0625 per month
We'll say we want total = 200 and principal = 100
Years = log (200 / 100) / 12*log(1 + rate/n)
Years = log (2) / 12 * log (1 + .0625/12)
Years = 0.3010299957 / 12 * 0.0022560803 
Years = 0.3010299957 / 0.0270729635 
Years = 11.1192110871 
I don't think that's right
The interest rate is REALLY low. (Less than 1%)
Rate = .75 and .0075 when in a formula
Years = log (2) / 12 * log (1 + .0075/12)
Years = log (2) / 12 * log( 1.000625)
Years = 0.3010299957 / 12 * 0.0002713493 
Years = 0.3010299957 / 0.0032561912 
Years = 92.4485010892
THAT seems a more likely answer with such a low interest rate.

5 0

3 years ago

Nth Term help please

liberstina [14]

$\bf \begin{array}{|ll|ll} \cline{1-2} term&value\\ \cline{1-2} a_1&3\\[0.8em] a_2&\stackrel{3\cdot 2}{6}\\[0.8em] a_3&\stackrel{6\cdot 2}{12}\\[0.8em] a_4&\stackrel{12\cdot 2}{24}\\[0.8em] a_5&\stackrel{24\cdot 2}{48}\\[0.8em] a_6&\stackrel{48\cdot 2}{96} \\ \cline{1-2} \end{array}$

8 0

4 years ago

Write a unit rate word problem. Please include the solution.

yanalaym [24]

Answer:

bob goes 28 miles in 2 hours while traveling to the store. how many miles does he drive per hour. the answer is 14 miles per hour

3 0

3 years ago