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

Element X is a solid that is brittle, lacks luster, and has six valence electrons. In which group on the Periodic Table would element X be found?(1) 1 (3) 15 (2

14. The ancient geographic setting of an area is known as its A. passive margin. B. phytoplankton. C. paleogeography. D. transgression.

m=k/s solve for k Answer choices K=m/s K=ms K=s/m K=m+s

Which formula represents lead(II) chromate? (1) PbCrO4 (3) Pb2CrO4 (2) Pb(CrO4)2 (4) Pb2(CrO4)3

Determine whether the formula describes y as a function of x. Explain your reasoning. (2 points) y = 9x + 1

how did Romans learn the written language

Kelsey painted 1/4 of her bedroom in 3/7 of an hour at this rate how long would it take her to paint the entire room

Convert 84 degrees to radian measure

Conductivity in a metal results from the metal atoms having(1) high electronegativity(2) high ionization energy(3) highly mobile protons in the nucleus(4) highl

What is the total number of grams of NaI(s) needed to make 1.0 liter of a 0.010 M solution? (1) 0.015 (3) 1.5 (2) 0.15 (4) 15