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

Read the excerpt from Fitzgerald’s The Great Gatsby. My house was at the very tip of the egg, only fifty yards from the Sound, and squeezed between two huge pla

Were European goods (foodstuffs, weapons, tools) a help or a detriment to the Indian tribes that acquired them?

Which two-dimensional shape is formed if a plane intersects the cylinder shown, perpendicular to the base? A) Circle B) Square C) Rectangle D) Ellipse

what is context of poster" We Can Do It!"?

In what two ways did Northerners respond to the Emancipation Proclamation?

Western imperialism in the late nineteenth century was stimulated by: Group of answer choices an ongoing quest for markets and raw materials. nationalistic pr

Read an excerpt from "Television and the Public Interest" and answer the question. The speech was delivered by Newton N. Minow, chairman of the Federal Communic

1&2&3 please……………………….

Please help!!!!!!!!!!!!!!!!

Determine the rigid transformations that will map ΔABC to ΔXYZ