1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Licemer1 [7]
3 years ago
9

An investment of $100 is now valued at $149.18 the interest rate is 8% compounded continuously about how long has the money been

invested
Mathematics
1 answer:
deff fn [24]3 years ago
7 0

question: An investment of $100 is now valued at $149.18 the interest rate is 8% per year, compounded continuously about how long has the money been invested

Answer:

5.2 years

Step-by-step explanation:

Applying

A = P(1+R/100)ⁿ.......................... Equation 1

Where A = amount, P = principle, R = rate, n = time.

From the question,

Given: A = $149.18, P = $100, R = 8%

Substitute these values into equation 1 and solve for n

149.18 = 100(1+8/100)ⁿ

149.18/100 = (1+8/100)ⁿ

1.4918 = (1+0.08)ⁿ

1.4918 = (1.08)ⁿ

Taking the Logarithm of both side

Log(1.4918) = Log(1.08)ⁿ

Log(1.4918) = nLog(1.08)

n = Log(1.4918)/Log(1.08)

n = 0.1737/0.0334

n = 5.2 years.

You might be interested in
A recipe requires 2\tfrac{3}{4}2 4 3 ​ cups of milk for every \frac{1}{3} 3 1 ​ of a cup of flour. What is the ratio of cups of
exis [7]

Answer:

28 tablespoons of sugar

6 tablespoons of cocoa powder

Step-by-step explanation:

Malik is using a cookbook to make a recipe, but he can not find his measuring cups! He has, however, found a tablespoon. Inside the back cover of the cookbook, it says that 1 cup = 16 tablespoons.

Explain how he could use the tablespoon to measure out the following ingredients:

2 cups of flour

½ cup sunflower seeds

1¼ cup of oatmeal

Malik also adds the following ingredients. How many cups of each did he add?

28 tablespoons of sugar

6 tablespoons of cocoa powder

Use of the following representations is optional:

Tablespoons 16            

Cups 1            

5 0
3 years ago
Read 2 more answers
The total income for the Mr. Jones’s apartment building can be represented by the equation 2R minus C minus 2P, where r is the a
son4ous [18]

total income= 2R-C-2P

R= omoun tof rent paid by each tenant = $700

C= cable bill = $100

P = Phone bill = $50

Replace the values:

Total income = 2(700)-100-2(50)

total income= 1,400-100-100 = 1,400-200= $1,200

Total income =$1,200

4 0
2 years ago
Sue wants to use mental math to find 7x53 write an expresión she Could use
asambeis [7]
371 is the answer you welcome
8 0
3 years ago
Kandice notices that 2/7 of a gallon of milk is on the top shelf of the refrigerator, and 3/5 of gallon of milk is on the bottom
Brilliant_brown [7]
The answer is 24/35. i would tell you to simplify but it is already in its simpliest form.
8 0
3 years ago
Read 2 more answers
Evaluate the expression if r = 12 and t = -6.<br> (t-r)/3
Lynna [10]

Answer:

-6

Step-by-step explanation:

\frac{(t-r)}{3}

input the numbers

\frac{(-6-12)}{3}

do the problem in the parentheses first

-6-12 = -18

now it becomes

-\frac{18}{3}

simplify and you'll get

-6

this is because -18 ÷ 3 =

-6

4 0
3 years ago
Read 2 more answers
Other questions:
  • Reniel saves 30% of every paycheck his paycheck last week was 560 how much did he save last week
    12·1 answer
  • What are the measures of angles 1 and 2?<br> m_1 =<br> m_2=
    6·1 answer
  • How long is 3/4 of an hour
    12·2 answers
  • Johnnys dinner bill totaled $75. He left a 15% tip. How much money will johnny spend in all of his dinner?
    8·1 answer
  • CDA=XYZ
    9·2 answers
  • Write the prime fractionalization of 20 from least to greatest
    8·1 answer
  • This figure is made up of two rectangular prisms.<br><br> What is the volume of the figure?
    6·2 answers
  • 1. Choose the value for x that would make this inequality true. x &gt; 5
    8·2 answers
  • Discount City gives a 15% discount on all merchandise on Tuesdays. The sales tax
    6·1 answer
  • Please help me with this please and thank you
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!