Answer:
use socratic
Step-by-step explanation:
10
1240 x 10 = 12400
12400 = 12400
The Answer is b. Hope that helps
Answer:
B. 9.6 %.
Step-by-step explanation:
A = P e^rt
His investment doubles so it comes to 3000 * 2 = $6000.
Substituting in the formula>
6000 = 3000e^7.2r ehere r is the interest rate.
e^7.2r = 2
Taking logs
7.2r = ln 2
r = ln2 / 7.2
r = 0.096
So the rate is 9.6%.
