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

You are building a game that needs to do the following: •Make the player unable to cross walls of yellow blocks •Make the player "faint" and start over if it t

I WILL GIVE BRAINLYIST ASAP

CORRECT ANSWER ONLY! I'LL GIVE BRAINLIEST! Which graph represents the function f(x)= sqrt x − 2 - 2?

Help please with this question

What do you call a software program that runs on a web server? Please respond ASAP! Please no comments unless you have a legit answer!

A 2. -3 -2 -3 The midpoint of AB = ([?],[]) =PLEASE HELP I WILL MARK BRAINLIEST

Fill in the blank with the Spanish word that best completes the following sentence. Luisa es __________ de Nelly.

hello this is a quetion are yall enjoying the app

Which topies relate directly to the themes developed in Frankenstein? A. The desire for truth and the pursuit of happiness • B. The power of art and the need fo

“Whether we bring our enemies to justice or bring justice to our enemies, justice will be done.” How did President George W. Bush’s campaign against terrorism w