m the account, muzic-ivan.info the adhering to questions.A. just how much will certainly be in the account after three years?B.How much will be in the account after 18 years? C. How many type of years will certainly it take for the account to contain $2500? D. How many type of years will certainly it take for the account to contain $3000?
The formula for compound growth is:
P is the future value
is the initial despositr is the yearly price of interestn is the number of times compounding happens ( n = 1 once annual compounding, n = 2 when semi-yearly compounding, n = 4 as soon as quarterly compounding etc.)t is time in years
It is equivalent to component C, just P=3000 instead of P=2500. Let us setup the equation and also fix for t.
\ln(frac32)=t*ln(1.04)\t=fracln(frac32)ln(1.04)\t=10.34" alt="3000=2000(1+0.04)^t\frac30002000=(1.04)^t\frac32=(1.04)^t\ln(frac32)=ln<1.04^t>\ln(frac32)=t*ln(1.04)\t=fracln(frac32)ln(1.04)\t=10.34" align="absmiddle" class="latex-formula"> years
C. 5.69 years
D. 10.34 years
liraira <26>9 months ago 5 0 Hi thereThe formula isA=p (1+r)^tA future valueP existing valueR interemainder rateT timeA) A=2,000×(1+0.04)^(3)=2,249.728B) A=2,000×(1+0.04)^(18)=4,051.63C) 2500=2000 (1+0.04)^tSolve for tT=log(2,500÷2,000)÷log(1+0.04)T=5.7 yearsD) t=log(3,000÷2,000)÷log(1+0.04)t=10.3 yearsHope it helps Sfinish You might be interested in
What is the product?(–3s + 2t)(4s – t ss7ja <257> (–3s + 2t)(4s – t)= -12s^2 + 3st + 8st - 2t^2= -12s^2 + 11st - 2t^2 4 0 1 year ago Read 2 even more muzic-ivan.infos
Hiiii pppplease help i’ll give brainliest emmainna <20.7K> I think the muzic-ivan.info is winter because seasons are reversed at the poles and also it’s summer while the South deals with the sunlight so reverse and also it would be winter 3 0 3 months ago Read 2 more muzic-ivan.infos
TRICK QUESION WILL MARK BRAINLY Tright here are sixty cups on a table. If one falls down, then just how many remain? antiseptic1488 <7>
7 0 6 months ago Read 2 even more muzic-ivan.infos A. A mom dolphin is 150.25 meters listed below sea level. Her calf is 45 meters listed below sea level. Which dolphin is farthest from the harina <27> 150.25-45=? that is your muzic-ivan.info 6 0 7 months ago Read 2 even more muzic-ivan.infos I NEED HELP PLS HELP MEEE choli <55> The muzic-ivan.info for this problem is t=-6.957 3 0 5 months ago Other questions: × Add muzic-ivan.info Send × Login E-mail Password Remember me Login Not registered? Fast signup × Signup Your nickname E-mail Password Signup cshed Login Signup Ask question!