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

i need helppppp can u explain this

Consider the equation - 3x2 + 27x - 63 = 0. What is the discriminant of the equation?

Can you help me? i need help!

An object can not have a charge of?

can you please answer this, please show work

Karen just bought 6 bags of 16 cookies each. She already had 9 cookies in a jar. How many cookies does Karen have now?

what is c² + 6c - 6 if c = 4?

Prepare your own key for the live lish in Figure 3. Use the same format as on page 15. The family names to be used are the numbers 1, II, III, IV, and V, Your k

STONES BY WILLIAM BELL : Garnet's reaction in chapter 1 (has to be a readers response) with evidence (page number).

help ill give brainliest aand 5 star