diegomacias3863 diegomacias3863

15-06-2021
Mathematics

contestada

how many years (to two decimal places) will it take an investment of $17,000 to grow to $41,000 if it is invested at 2.95% compounded continuously

Respuesta :

samuelonum1 samuelonum1

17-06-2021

Answer:

30 years

Step-by-step explanation:

Given data

P=$17,000

A= $41,000

R=2.95%

the expressio for the time is

t= ln(A/P)/r

t= ln(41,000 /17000)/0.0295

t= ln(2.41176)/0.0295

t= 0.8803/0.0295

t= 29.8

about 30 years

Answer Link

Otras preguntas

WILL MARK BRAINLEST how do your correctly punctuate the dialogue(i.e. ending punctuation marks inside quotation marks?

Suppose the corporate tax rate is 30%. Consider a firm that earns $3,500 in earnings before interest and taxes each year with no risk. The firm's capital expend

SaaS refers to: managing combinations of applications, networks, systems, storage, and security as well as providing Web site and systems performance monitorin

If you are part of an Alliance, what do you have to do if they declare war?

Pls help me i need to fill in the boxes that dont have anything in them but i aldo need to fill in the one that says "A="

Juan's family moved from Mexico to live in America. This is an example of what?1:migration2immigration3:internal migration4: Exportationplssssssssssssssssssssss

Thanks teachers your all so awesome! xoxo

Carlos started an exercise program in January. He kept a record of how many sit-ups he did each day. Which correlation value best describes the data? Your answe

What is the measure of angle c?

Marisella was late to class 4 times in April. Each time she was late she missed 3 How many total minutes of dass did she miss in April? Pls help I’m begging u h