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eduard
3 years ago
14

How long would it take for $5000 invested at 5% p.a. compound interest with yearly

Mathematics
1 answer:
Stella [2.4K]3 years ago
7 0

Answer:

14

Step-by-step explanation:

10000 = 5000(1.05)^{t}

2 =  (1.05)^{t}

ln(2) = t ln(1.05)

t = ln(2)/ln(1.05)

\frac{\ln \left(2\right)}{\ln \left(1.05\right)}=14.20669\dots

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Part (a)

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<h3>Answer: 7/10</h3>

==========================================================

Part (b)

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==========================================================

Part (c)

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<h3>Answer: 9/100</h3>

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Part (d)

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<h3>Answer: 49/100</h3>

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Part (e)

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Part (f)

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