aureth122 aureth122

17-05-2021
Mathematics

contestada

an initial investment of $9000 grows at an annual interest rate of 5% compounded continuously. how long will it take to double the investment?

Respuesta :

ThanksForTheWork ThanksForTheWork

17-05-2021

Answer:

20 years

Step-by-step explanation:

9000/ 100= 900 = 10%

900/2= 450

450 x 2= 900

900 x 10= 9000

Now we multiply 10 by 2 because we doubled the value of our 450 into a 900 and now we get 20.

Answer Link

Otras preguntas

The width of a rectangle is 4 cm and its perimeter is 26 cm. What is the perimeter of a square has the same area as the rectangle

Please help me! it doesn't make any sense!!

2/3 employees of a company drive to work, 1/3 travel by bus and the rest walk . find the number of who walk.

What is the slope of the line that passes through the points ( 1 , − 1 ) (1,−1) and ( − 8 , − 7 ) (−8,−7)? Write your answer in simplest form.

Khalil works in the gig economy, making deliveries for local stores and restaurants. He's trying to save money so he can go back to college next semester. Howev

please i rellay need help

Yo math hard. so 25 points, i really need it

You see a motorboat approaching on your right. what action should you take?.

what does dream big means

PLEASE HELP IM FAILING GEOMETRY HELPPPP