Step-by-step explanation:
<em> </em><em>REFER</em><em> </em><em>TO</em><em> </em><em>THE</em><em> </em><em>ATTACHMENT</em><em> </em>
<em>HEY</em><em> </em><em>IN</em><em> </em><em>WHICH</em><em> </em><em>CLASS</em><em> </em><em>YOU</em><em> </em><em>ARE</em><em> </em><em>ROSA</em>
Answer:
We divide both sides by 100000 and we got:
Now we can apply natural logs on both sides;
And then the value of t would be:
And rounded to the nearest tenth would be 9.2 years.
Step-by-step explanation:
For this case since we know that the interest is compounded continuously, then we can use the following formula:
Where A is the future value, P the present value , r the rate of interest in fraction and t the number of years.
For this case we know that P = 100000 and r =0.12 we want to triplicate this amount and that means and we want to find the value for t.
We divide both sides by 100000 and we got:
Now we can apply natural logs on both sides;
And then the value of t would be:
And rounded to the nearest tenth would be 9.2 years.