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MariettaO [177]

3 years ago

9

using compound interest, how long does it take to double a 1000 dollar investment that pays 6.5% annual interest, compounded mon

thly?

1 answer:

KonstantinChe [14]3 years ago

3 0

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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iren2701 [21]

Given : Diameter of the right circular cone ==> 8 cm

It means : The Radius of the right circular cone is 4 cm (as Radius is half of the Diameter)

Given : Volume of the right circular cone ==> 48π cm³

We know that :

$\bigstar \ \ \boxed{\textsf{Volume of a right circular cone is given by : $\pi r^2\dfrac{h}{3}$}}$

where : r is the radius of the circular cross-section.

h is the height of the right circular cone.

Substituting the respective values in the formula, we get :

$\mathsf{\implies \pi \times (4)^2 \times \dfrac{h}{3} = 48\pi}$

$\mathsf{\implies 16 \times \dfrac{h}{3} = 48}$

$\mathsf{\implies \dfrac{h}{3} = 3}$

$\implies \boxed{\mathsf{h= 9 \ cm}}$

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3 years ago