Answer:
The answer to the first question is 7.15
The answer to the second question is 1.73
Answer:
what does that mean
Step-by-step explanation:
Answer:
The answer is option 1.
Step-by-step explanation:
You have to apply Gradient formula :






Answer:
7.87 years
Step-by-step explanation:
#First we determine the effective annual rate based on the 9% compounded semi annual;

#We then use this effective rate in the compound interest formula to solve for n. Given that the principal doubles after 2 yrs:

Hence, it takes 7.87 years for the principal amount to double.