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bulgar [2K]
2 years ago
13

You begin with $20 in a savings account and $100 in a checking account. Each week you deposit $20 into savings and $10 into chec

king. After how many weeks is the amount in checking is equal to the amount in savings?

Mathematics
1 answer:
Slav-nsk [51]2 years ago
6 0

it would take 8 weeks for the amount in your savings to be equal to the amount in checking

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If the interest is compounded continuously, what interest rate do you need for a 5000 investment to double in 10 years
velikii [3]

Answer:

rate = natural log (Total / Principal) / Years

We need 5,000 to become 10,000 in 10 years so,

rate = natural log (Total / Principal) / Years

rate = natural log(10,000 / 5,000) / 10

rate = natural log(2) / 10

rate = 0.69314718056 / 10

rate = .069314718056 which equals

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Source: https://www.1728.org/rate2.htm

(scroll to the bottom)

Step-by-step explanation:

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6 units

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