using compound interest, how long does it take to double a 1000 dollar investment that pays 6.5% annual interest, compounded monthly?​

Answers

Answer 1

Answer:

11 years approx

Step-by-step explanation:

Given data

P=$1000

A=2000

R=6.5%

T= ?

Calculate time, solve for t

t = ln(A/P) / r

substitute

t=ln(2000/1000)/0.065

t=ln(2)/0.065

t=0.693/0.065

t=10.66

Hence the time is 11 years approx


Related Questions

mouse borrowed 6,000$

Answers

Answer:

huh

Step-by-step explanation:

Answer:

yeah what else there has to be more

What is the value of the x ? x + x + x = 56

Answers

x = 56 divided by 3 = 18.6

Hey there!

ORIGINAL EQUATION

x + x + x = 56

CONVERT/COMBINE the LIKE TERMS

1x + 1x + 1x = 56
2x + 1x = 56

NEW EQUATION

3x = 56

DIVIDE 3 to BOTH SIDES

3x/3 = 56/3


SIMPLIFY IT by canceling out 3/3 because it give you 1 & KEEP 56/3 because help solve for the x-value (it also give you the x-value result)


x = 56/3

x = 18.666667

x = 18 2/3


EITHER OF THOSE SHOULD WORK BECAUSE THEY ARE ALL EQUIVALENT TO EACH OTHER

Good luck on your assignment & enjoy your day!



~Amphitrite1040:)


WILL MARK BRAINLIST PLS HELP

The letters for the word TENNESSEE are written on cards and then placed in a basket. What is the probability that on the first draw an E is picked, replaced, and then an S is picked?
6/81
8/81
6/18
5/18

Answers

Answer:

The second option - 8/81

Step-by-step explanation:

Answer:

below

Step-by-step explanation: 6/81


[tex]12x + 4 {x}^{2} - {x}^{5} + 3[/tex]
Put the expression un standard form and then tell me what the leasing coefficient is! * don't forget about imaginary 1's ''​

Answers

Expression in standard from: -x^5+ 4x^2+12x+3. ( ^= to the power of, I’m sorry I don’t know how to type that in my phone) and the leading coefficient would be -1

In a bouquet of flowers, there are 3 daises and 14 roses, write the ratio of daises to roses in 3 different ways.

Answers

Answer:

3/14, 3:14, and 3 to 14 :]

Step-by-step explanation:

please help im dum.b

Write the percent as a fraction or mixed number in simplest form.--- 180%

Answers

Answer:

9/5

1 4/5

Step-by-step explanation:

Answer:

Please find attached pdf

Step-by-step explanation:

If a car travels 7.5 miles in ¼ hour, how many miles will it go in 1 hour?

Answers

30 miles
Since its 1/4 hour that pass you multiply 7.5 with 4

Sydney invests $70 every week into an account that pays 2.4% annual, compounded weekly. Benny invests $80 every month into an account that pays 2.2% annual interest rate, compounded monthly. Calculate the balance each person would have in their account after 10 years and 30 years.

Answers

Answer:

Sydney

10 years: 41,128.78

30 years: 159,820.62

Benny

10 years: 46,519.91

30 years: 176,709.67

Step-by-step explanation:

I'm assuming that there are 52 weeks in a year

if you have any questions I'll be happy to answer them

What does 150 by 18 mean?

Answers

Answer: 150x18 means the length is 150 and the width is 18

to find area multiply them by each other

Step-by-step explanation:

The person on the top is correct

How many cats and how many dog were adopted that weekend

Answers

Answer:

Need more info to answer.

The numbers need more information

An African elephant weighed 209 lbs when it was born. Baby elephants gain an average of 38 lbs per week.
How many weeks will it take for the baby elephant to weigh 1197lbs?

Answers

Let the number of weeks be x
38x + 209 = 1197
Subtract 209 on both sides
38x = 1197
Divide 38 on both sides
x = 31.5 weeks

which of the following Is a binomial?
A. 7x+21, B. 3/x, C. 8x^2+6x+5, D. 19x^4

Answers

Option (A) ​7x+21 is the binomial as it has two terms option (A) is correct.

What is polynomial?

Polynomial is the combination of variables and constants systematically with "n" number of power in ascending or descending order.

[tex]\rm a_1x+a_2x^2+a_3x^3+a_4x^4..........a_nx^n[/tex]

We have shown some expressions:

Binomial has two terms

A. 7x+21

It is a binomial.

B. 3/x

It is not a binomial.

C. 8x²+6x+5

It is trinomial as it has three terms

D. 19x⁴

It is monomial as it has only terms.

Thus, option (A) ​7x+21 is the binomial as it has two terms option (A) is correct.

Learn more about Polynomial here:

brainly.com/question/17822016

#SPJ2

Solve expression completely.
64°
O
1
O 64
O Unknown

Answers

Answer:

b

Step-by-step explanation:

Daniel is given the following information to construct a triangle. Determine what type of triangle will be constructed.
40 40 80 degrees.
A. a unique triangle
B. more than one triangle
C. not a triangle
D. a right triangle

Answers

Answer:

A

Step-by-step explanation:

PLEASE HURRY

What is the scientific notation for a length of
0.000028 meter?


A. 2.8 x 10^5
B. 0.28 x 10^-4
C. 2.8 x 10^-5
D. 28 x 10^-6

Answers

Answer:

C. 2.8 * 10^-5

Step-by-step explanation:

Ok so its been a while since I've done these but pretty sure c is the answer. (Double check to make sure I'm correct)

Answer:

The answer is C and good luck on whatever you're doing!

WHAT IN THE WORLD IS 75×8

Answers

Answer:

600

Step-by-step explanation:

75 x 8 = 600. Was that the whole question?

Tori has already jarred 1 liter of jam and will jar an additional 1 liter of jam every day. How
many days does Torì need to spend making jam if she wants to jar 10 liters of jam in all?

Answers

Answer:

9 days.

Step-by-step explanation:

We first subtract the amount already done from the total needed.

10 - 1 = 9.

Next, we take the remainder and divide it by the amount being made per day to get our final answer.

9 / 1 = 9.

The answer is 9 days.

What is 1/2x28? I need help

Answers

1/2 x 28 is 14. The answer should be 14

Answer:

The answer is 14.

2 cups of white grape juce; 4 cups of club soda. what is the ratio

Answers

Answer:

2:4

Step-by-step explanation:

Answer:

2:4

Step-by-step explanation:

What is the circumference of the following circle?

Answers

circumference c=2(pie)r
C=2(pie)5
C=31.42

Answer:

31.4 units

Step-by-step explanation:

Formula

C = 2πr

C = 2π5

C = 2 * 3.14 * 5

C = 6.28 * 5

C = 31.4

Hope this helped!

Have a supercalifragilisticexpialidocious day!

30 points!!

Please help!!!!

7+3^2(-5+1)divided by 2

Answers

Answer:

7+3^2(-5+1) divided by 2 is -11

Answer:

-11

Step-by-step explanation:

I am pretty sure -11 is correct

Here's an equation I need to solve:

x/2 +3 = 10
The first step is to subtract 3 from both sides:

x/2 = 7
What step do you do next to solve for x?


divide by 2


subtract 7


multiply by 2


add 7

Answers

Answer:

you multiply both sides by 2.

Step-by-step explanation:

Im in advanced math and we have been doing this for a while.

find the volume of the conical paper cup​

Answers

The answer is 24 cm ! you have to multiply the length and the width which is 8 and 3 = 24

Answer:

It is Drum roll please it iss 24 n cm3 :)

Step-by-step explanation:

I got a 100 on the test ;)

A monster can eat 36 cookies in 9 minuets.How many cookies can the monster eat in 12 minuets?

Answers

a monster can eat 48 cookies in 12 minutes me thinks

Answer: A monster can eat 48 cookies in 12 minutes

Step-by-step explanation:

Skip's Dog Shelter rescues collies 3/4 of the collies are older than 10 and 1/3 of the remaining collies are between 3 and 5. If there are 2 dogs between the ages of 6 and 10. How many dogs are there in all at this rescue shelter?

Answers

Answer: the answer is 12 dogs

Step-by-step explanation:

Help me find the equation

Answers

Answer:

kwuwkuwk192772882002082726263781001

which set of line segments can be used to construct a triangle

Answers

It’s b if the sum of the lengths of any two line segments are greater than the third it can make a triangle
The answer is B. 2+3>3, 3+3>2, and 2+3>3, none of the others work out this way and if they don’t do that then they aren’t a triangle.

Raul is flying a kite with an angle of elevation equal to 60° if the height of the kite is 300 feet then now long is the kite string.

Answers

Answer:

ddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd

Step-by-step explanation:

its d

Help if you can
2(x+2)=
3(x+5)=
4(x+1)=
4(x-2)=

Answers

Answer:

2x+4

3x+15

4x+4

4x-8

Step-by-step explanation:

...............

2x +4
3x + 15
4x+4
4x-8

in a company, 37% of the 1500 employees are females
work out the number of males in the company

Answers

100-37 = 63

63% are male

63/100*1500 = 945 are male
37 x 1500 = 55500
55500 divided by 100 = 555
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