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

need help have to rewrite sentence in its preterite tense. Ramón escribe una carta al director del programa. Mi tía trabaja de dependienta en un gran almacén. C

What is the importance of the symbolism of The symbolism of the armor of the Greek and Trojans

HELP ME PLZ SORRY CAPS

Listed below are several geological and biological events in earth’s history. Rank the events in the order in which they occurred•earliest humans•giant impact f

PLZ PLZ PLZ ANSWER QUICK Why might the Roman strategy of hiring mercenaries to fight German soldiers have failed?

confused can someone help pls

Name two lab tools used to measure the volume of a liquid

From packing to mars persuasive essay

What’s the better known name given to the Great Rising of 1381?

In what direction would you travel from the port of shanghai to the capital of china