americaflores795 americaflores795

04-04-2020
Mathematics

contestada

Using the rule of 72,= , how long will it take for the principal to double with an annual compound interest rate of 6%?>6 years
>9 years
>12 years
>15 years

Respuesta :

kenlingdad kenlingdad

04-04-2020

Answer:

>12 years

Step-by-step explanation:

P' = P (1 + r)ⁿ

P' = 2P

2P = P (1 + 0.06)ⁿ

1.06ⁿ = 2

n = log₁.₀₆ 2 = 11.9

Answer Link

Otras preguntas

Which two men explored the Louisiana Territory in the early 1800s? William Clark and Thomas Walker Meriwether Lewis and William Clark Daniel Boone and Thomas Wa

5 busses carry 325 passangers. How many passengers can be carried by 8 such busses

Sarah's pay for two weeks was $158.16. If she worked 8 hours the first week and 4 hours the second, what was her rate of pay? A $3.23 per hr B$22.60

Which kind of rock would most likely form from the process shown in the picture? HELPPP !!

What is the answer to 7x-2=5x+16

BRAINLY Directions: write a two paragraph letter urging President Jackson to stop the Indian Removal Act. Site examples as how the Native way of life has been d

Jake has 3.5 hours before bedtime he must spend 2 hours doing homework the rest of his time will be spent doing puzzles it takes Jake 1/2 hour to complete each

The graph shows two lines, A and B. A coordinate plane is shown. Two lines are graphed. Line A has equation y equals negative 3 x plus 15. Line B has equation o

HOW DO YOU DO THIS PLEASE EXPLAIN

can someone help me solve this