How long will it take an investment to double in value if the interest rate is 6% compounded continuously

Answers

Answer 1

Answer:

11.55 years

Step-by-step explanation:

Formula to calculate the final value when the money is compounded continuously is,

Final value = [tex]\text{(Present value)}.e^{rt}[/tex]

Here 'r' = rate of interest

t = duration for the investment

Let the money invested = $x

We have to find the duration in which the present value gets doubled.

Final value = $2x

Rate of interest = 6% per year ≈ 0.06

By substituting these values in the formula,

[tex]2x=x.e^{0.06t}[/tex]

[tex]2=e^{0.06t}[/tex]

ln(2) = [tex]\text{ln}e^{0.06t}[/tex]

0.693147 = 0.06t

t = 11.55 years

Therefore, invested amount will be doubled in 11.55 years.


Related Questions

HURRY PLEASE!!!!

the answer choices are
A. 62
B. 48
C. 132

Answers

Answer:

Step-by-step explanation:

a

What is the value of the expression? 28 – 16 ÷ 8 – 4 3 8 22 24

Answers

Answer:

28 – 16 ÷ 8 – 4382224 = -4382198

Step-by-step explanation:

Answer:

B. 8

Step-by-step explanation:

Simplifying

28 + 12x = 8x + -4

Reorder the terms:

28 + 12x = -4 + 8x

Solving

28 + 12x = -4 + 8x

Solving for variable 'x'.

Move all terms containing x to the left, all other terms to the right.

Add '-8x' to each side of the equation.

28 + 12x + -8x = -4 + 8x + -8x

Combine like terms: 12x + -8x = 4x

28 + 4x = -4 + 8x + -8x

Combine like terms: 8x + -8x = 0

28 + 4x = -4 + 0

28 + 4x = -4

Add '-28' to each side of the equation.

28 + -28 + 4x = -4 + -28

Combine like terms: 28 + -28 = 0

0 + 4x = -4 + -28

4x = -4 + -28

Combine like terms: -4 + -28 = -32

4x = -32

Divide each side by '4'.

x = -8

Simplifying

x = -8

It costs $3.45 to buy 34 lb of chopped walnuts. How much would it cost to purchase 7.5 lbs of walnuts? GIVING BRAINLIEST *URGENT*

Answers

Answer:

$0.75

Step-by-step explanation:

$3.45 ÷ 34 lb. = $0.10 per pound (rounded)

$0.10 x 7.5 = $0.75

It would cost $0.75 to buy 7.5 lbs of chopped walnuts

I'm sorry if wrong! You are loved and you are beautiful/handsome!

-Bee

bro my teacher be making us do questions and when i search them up they arent answered like tfk ughhh

The security guard at a movie theater observed that approximately 18% of the
600 cars in the parking lot are from out of state. Which is the best estimate for the
number of cars in the parking lot that are from out of state?
A. 400
C. 200
B. 120
D. 12

Answers

Answer:

120

Step-by-step explanation:

18/100 x 600 = 108

estimate = round 18 to 20

20/100 x 600 = 120

u have already gotten the answer but if you ever need math answers and or explanations asap use the app mathaway:) its v helpful

There are a total of 32 pieces in a chess set, and 16 of them are pawns. What percent of the chess pieces are pawns?

Answers

Answer:

50%

Step-by-step explanation:

Answer:

50%

Step-by-step explanation:

32 Divided by 2 equals 16

The line to the right goes through the point (6, y). If the angle the graph makes with the x-axis is 22°, what is
the y-coordinate of the point to the nearest hundredth?

Answers

Answer:

The y-coordinate of the point is approximately 2.42.

Step-by-step explanation:

From the figure attached below the statement we derive the following equation to calculate the y-coordinate ([tex]y[/tex]), dimensionless, of the point in terms of the x-coordinate ([tex]x[/tex]), dimensionless, and angle of the line ([tex]\theta[/tex]), measured in sexagesimal degrees:

[tex]y = x\cdot \tan \theta[/tex] (1)

If we know that [tex]x = 6[/tex] and [tex]\theta = 22^{\circ}[/tex], then the y-coordinate of the point is:

[tex]y = 6\cdot \tan 22^{\circ}[/tex]

[tex]y\approx 2.42[/tex]

The y-coordinate of the point is approximately 2.42.

Delta has 493 stamps to her stamp collection she can put 16 stamps on each page of an album how many pages can she fill completely

Answers

Answer:

30 full pages but you would have 13 stamps left

Step-by-step explanation:

Answer: 30 pages

Step-by-step explanation:

I don’t have one and I’m a sixth grader

Answers

Answer:

have one what ?

Step-by-step explanation:

also thats cute. when i was in sixth grade, i was homeschooled.

Answer

Ok good luck in school!

Which of the following equations demonstrates the Identity Property of One? A. 3 - 2 = 1 B. 4 • 1 = 14 C. 1 • b = b D. 0 + 1 = 1

Answers

Answer: C

The identity property of 1 is that any number multiplied but it remains the same.

Hence

1 x b = b

The Garcia family and the Johnson family each used their sprinklers last summer. The Garcia family's sprinkler was used for 20 hours. The Johnson family's sprinkler was used for 25 hours. There was a combined total output of 1175 L of water. What was the water output rate for each sprinkler if the sum of the two rates was 55 L per hour?

Answers

W is the time Woody family used sprinkler.

C is the time Carter family used sprinkler.

Time used total: 50 hours.

W+C = 50                                 (1)

Total water used is 1900 L.

Woody family used: 40W;

Carter family used 35C.

Equation showing how much water both families used:

40W + 35 C =1900.                   (2)

We have a system with two equations and two variables. We can use substitution method to solve the system. From equation (1) we express W:

W=50 - C.                                              (1a)

We substitute the variable in equation (2):

40(50 - C) +35C =1900.

We open the parenthesis

2000 -40C +35C =1900,

We combine like terms

2000 -5C =1900,

We subtract 2000 from both sides of the equation

-5C = 1900 - 2000,

We simplify

-5C = -100,

We divide by -5

C = 20.

We substitute the values of C in the equation (1a) and find the value of W:

W = 50 - C,

W = 50 -20 =30.

The Woody family used water for 30 hours and the Carter family used water for 20 hours.

We check our work to be sure we did not make any mistakes:

Total water used:

40 x 30 + 35 x 20 = 1200 + 700 = 1900 L.

3(y+1) for y=2
A. 6
B. 9
C. 7
D. 8

Answers

Answer:

B

Step-by-step explanation:

3(2+1)

3(3)

9

that how i solved it

3 ( y + 1 )
3 ( 2 + 1 )
3 ( 3 )
9

the answer is b.

In order to write log^(5) 25=2 in exponential form, it is necessary to convert it to the format bx=y.


What are the values of b, x, and y for the above equation?


Enter your answers in the order of b, x, y, separated by commas, like this: 42, 53, 64

Answers

idkkkkkkkmmmmmmmmdmdnenmdndmdmskxkkxkxkxkskannwwmmsneoepe

HELP PLZ AND THANK YOU!:)

Answers

the answer will be 30ft

Write a problem in which $180 would be a reasonable answer

Answers

Answer:

One person collects $60  in a week what how many money will it have?

Step-by-step explanation:

I got y’all give me he right Awnser and I got brainlest and points !!

Answers

Answer:

it's option 3, 1/10. Hope this helps

Suppose a random sample of n=330 tenneagers 13 to 17 years of age was asked if they use social media. Of those surveyed, 252 stated that they do use social media. Find the sample proportion of tenneagers 13 to 17 years of age who use social media​

Answers

Answer:

what is

Step-by-step explanation:

The sample proportion of the teenagers 13 to 17 years of age who use social media​ is 0.236.

What is a Sample Proportion?

Sample proportion is defined as the proportion of something from a given sample which has a particular characteristic.

The formula to calculate the sample proportion is,

p = Number of successes in a particular sample / Sample size

Given that,

a random sample of n = 330 teenagers 13 to 17 years of age was asked if they use social media.

Sample size = 330

Of those surveyed, 252 stated that they do use social media.

We have to find the proportion of teenagers 13 to 17 years of age who use social media​.

Number of failures = 252

Number of successes = 330 - 252 = 78

Sample proportion = 78 / 330 = 0.236

Hence the sample proportion is 0.236.

Learn more about Sample Proportion here :

https://brainly.com/question/29912751

#SPJ2

4. Martha loves hot dogs, she eats 120 a day. Her friend dared her to eat sixty more one
day, how many days will it take for her to gobble 600 hot dogs?

Answers

Answer:

120*3.5=420+180=600

Which means it took her about 4 and half days.

Step-by-step explanation:

it cost 13.80 for 5 tickets how much would it cost for 3 tickets

Answers

Answer:

$8.28

Step-by-step explanation:

So, first we must find the price per ticket so we do

13.80/5 = 2.76

So the $2.76 per ticket

So now all we do to find the price of three tickets we times the price per ticket by 3

2.76 x 3 = $8.28

Write an equation of the line that passes through point (2, −4) and has the slope m=12.

HUrry please

Answers

the answer is: y=12x-28

Insurance companies are interested in knowing the population percent of drivers who always buckle up before riding in a car. When designing a study to determine this population proportion, what is the minimum number of drivers you would need to survey to be 95% confident that the population proportion is estimated to within 0.05?

If it was later determined that it was important to be more than 95% confident and a new survey was commissioned, how would that affect the minimum number you would need to survey? Why?

a. If the confidence level is increased, then the sample size would need to increase because a higher level of confidence increases the margin of error.
b. If the confidence level is increased, then the sample size would need to decrease because increasing the sample size would create an even larger interval.
c. If the confidence level is increased, then the sample size would need to decrease because we would like the proportion of people who buckle up to be around 50%.
d. If the confidence level is increased, then the sample size would not be affected.

Answers

Answer:

The value  is  [tex]n = 384 [/tex]

The correct option is a

Step-by-step explanation:

From the question we are told that

   The margin of error is  E =  0.05

From the question we are told the confidence level is  95% , hence the level of significance is    

      [tex]\alpha = (100 - 95 ) \%[/tex]

=>   [tex]\alpha = 0.05[/tex]

Generally from the normal distribution table the critical value  of   is  

   [tex]Z_{\frac{\alpha }{2} } =  1.96[/tex]

Generally since the sample proportion is not given we will assume it to be

      [tex]\^ p = 0.5[/tex]

Generally the sample size is mathematically represented as  

    [tex]n = [\frac{Z_{\frac{\alpha }{2} }}{E} ]^2 * \^ p (1 - \^ p ) [/tex]

=>   [tex]n = [\frac{ 1.96 }{0.05} ]^2 *0.5 (1 - 0.5) [/tex]

=>   [tex]n = 384 [/tex]

Generally the margin of error is mathematically represented as  

      [tex]E = Z_{\frac{\alpha }{2} } *  \frac{\sigma }{\sqrt{n} }[/tex]

Generally if the level of confidence increases,  the critical value of  [tex]\frac{\alpha }{2}[/tex]  increase and from the equation for margin of error we see the the critical  value varies directly with the margin of error , hence the margin of error  will increase also  

So  If the confidence level is increased, then the sample size would need to increase because a higher level of confidence increases the margin of error.

How do you solve this A-4=

Answers

There is not enough information to solve the problem.

Use the discriminant to determine how many and what kind of solutions the quadratic equation 3x^2 + 4x = - 5 has.

A. one real solution

B. two complex (nonreal) solutions

C. no real or complex solutions

D. two real solutions

Pls help!

Answers

Answer:

C.

Step-by-step explanation:

The quadratic equation has two complex (nonreal) solutions option (B) is correct.

What is a quadratic equation?

Any equation of the form [tex]\rm ax^2+bx+c=0[/tex]  where x is variable and a, b, and c are any real numbers where a ≠ 0 is called a quadratic equation.

As we know, the formula for the roots of the quadratic equation is given by:

[tex]\rm x = \dfrac{-b \pm\sqrt{b^2-4ac}}{2a}[/tex]

We have a quadratic equation:

3x² + 4x = - 5

or

3x² + 4x + 5 = 0

D = b² - 4ac

b = 4, a = 3, c = 5

D = (4)² - 4(3)(5)

D = 16 - 60

D= -44

D < 0

Two complexes (nonreal) solutions

Thus, the quadratic equation has two complexes (nonreal) solutions option (B) is correct.

Learn more about quadratic equations here:

brainly.com/question/2263981

#SPJ2

Which are correct representations of the inequality -3(3x-5)<5(2-x)

Answers

Answer: x > 5/-4

Step-by-step explanation:

CONGRUENT TRIANGLES WORKSHEET. NEED ASAP DUE TODAY

Answers

Answer:

Congurent triangles are those which map onto them selves perfectly. This means they share the same angle measurements and side lengths. Therefor we can figure out the side lengths by using the information in both triangles.

AD=5x+11

in the congurent triangle, the corresponding side equals:

CM=7x-3

CM and AD are congurent triangles meaning their sidelengths equal the same. Therefore...

5x+11=7x-3

Now we just solve to find the length of AD and CM (equal lengths)

5x+11=7x-3

11=2x-3

14=2x

7=x

x=7

If x=7 then we can plug it in for AD to find the side length.

5(7)+11=46

Notice that CM equals the same 7(7)-3=46

This is because... they are congruent triangles.

These rules also apply for all angle measurements of congruent triangles:

The m<v is equal to the meaasure of E (corresponding angles in congrurent triangles are equal)

We already astablished what x was (x=7) meaning if we find the measure of E then we have the measure of V sicne they are corresponding angles in a congrurent triangle.

(6x7+1)=43°

therefore the m<v is equal to 43°

46 and 43° is your answer

Step-by-step explanation:

Marcos sees a cake advertised as $15 or 2 for $25. What is the difference of the unit rate?
A. 2.50
B. 4.25
C. 10
D. 13
PLEASE HELLP ME FAST

Answers

Answer:

A. 2.50

Step-by-step explanation:

25 ÷ 2 = 12.5

15 - 12.5 = 2.50

Harpo, Groucho, Chico, Zeppo, Gummo and Karl are the finalists in the fabulous Clearers’ Publishinghouse sweepstakes.

Two prizes will be awarded: the Grand Prize and the Even Grander Prize. The prizewinners will be randomly selected (and it is possible that one person may win both prizes).

How many outcomes are possible?

Answers

Answer:

ADGTSGADADASDAWDSDWA

Step-by-step explanation:

AADASDWADS

Tthe area of a circle increases at a rate of 5 cm^2/s.

Required:
a. How fast is the radius changing when the radius is 4 cm?
b. How fast is the radius changing when the circumference is 5 cm?

Answers

Answer:

(a) 0.198 cm/s (b) 1 cm/s

Step-by-step explanation:

It is given that,

The rate of change of area of a cicle, [tex]\dfrac{dA}{dt}=5\ cm^2/s[/tex]

(a) The area of a circle is given by :

[tex]A=\pi r^2[/tex]

Differentiate both sides,

[tex]\dfrac{dA}{dt}=2\pi r\dfrac{dr}{dt}\\\\\text{Put the value of dA/dt and r = 4 cm}\\\\\dfrac{dr}{dt}=\dfrac{dA/dt}{2\pi r}\\\\\dfrac{dr}{dt}=\dfrac{5}{2\pi \times 4}\\\\\dfrac{dr}{dt}=0.198\ cm/s[/tex]

(b) Circumference, [tex]C=2\pi r[/tex] = 5 cm

[tex]\dfrac{dA}{dt}=2\pi r\dfrac{dr}{dt}\\\\\dfrac{dr}{dt}=\dfrac{dA/dt}{2\pi r}\\\\\dfrac{dr}{dt}=\dfrac{5}{5}\\\\\dfrac{dr}{dt}=1\ cm/s[/tex]

Hence,

(a) 0.198 cm/s (b) 1 cm/s

Ella swims four times a week at her clubs pool. She swims the same number of labs on Monday, Wednesday, and Friday, and 15 laps on Saturday. She swims a total of 51 labs each week. How many laughs does she swim on Monday?

Answers

52 laps is the correct answer. Explaining. Don’t have to I just took the test and got a 100

gcf and distributive property 24+20

Answers

Answer:

4(6 + 5)

Step-by-step explanation:

Given summation:

             24 + 20

The greatest common factor:

  Factors of:

                   24  = 1, 2, 3, 4, 6, 8, 12 and 24

                   20 = 1, 2, 4, 5, 10 and 20

the gcf  = 4;

     24 + 20  = 4(6 + 5)

This shows the gcf and distributive property

Megan has three candles of the same length to provide light. Candle a
burns for exactly 72 minutes. Candle b burns twice as fast as candle a . Candle c burns
three times as fast as candle b . What is the greatest total number of minutes of light
that all three candles can provide?

Answers

Candle A burns 72 minutes
Candle B burns 36 minutes
Candle C burns 12 minutes

Hope this helps!
Candle A = 72 minutes

Candle B = 2a

Candle C = 3b

Substitute.

Candle B: 2(75) = 150

Candle C: 3(150) = 450

Add all of them together.

75 + 150 + 450 = 675 minutes.

Please mark as Brainliest if it helps! :)

Other Questions
why does fermetion tank has sealed? If the probability of her losing anydrawing competition is 0.7, find the probability of her winninga) at least one competition.b) exactly two competitions. what is the measurement of the angle??? Henry needs to determine the area of the top of his rectangularkitchen island that needs retiling. The length of the island top is 35.5 inches. Thewidth of the island top is 46.75 inches. What is the area of Henry's rectangularkitchen island top? ASSSOSASHLAASASANone Using the Rydberg equation, calculate the energy for the following electronic transitions in a hydrogen atom and label each as an absorption or an emission. When calculating, watch your signs! n = 3 n = 1 a. Energy calculation b. absorption or emission? Which of the following describes meiosis? A. Makes new sex cells, creates 2 daughter cells each with 23 chromosomesB. Makes new sex cells, creates 4 daughter cells each with 23 chromosomesC. Makes new body cells, creates 2 daughter cells each with 46 chromosomesD. Makes new body cells, creates 4 daughter cells each with 46 chromosomes B. Contesta con una oracin completa en que usas el pluscuamperfecto. 1. Ellos salieron el jueves. Ya habas salido?2. Ya haban terminado ustedes el trabajo?3. Ya haba escrito Elena la carta?4. Ya habas hecho la maleta?5. Ya haban comprado los boletos tus amigos? I dont like that idea. It sounds like too much work. Why dont we just each work on our own parts and then meet in, like, 2 weeks and put them all together before the due date?This statement reflects which group role?a.Socialb.Unproductivec.Taskd.Individual y= -2x+8what is the value of y when 0 is the value of x? will mark brainiest and look at the pointsMutations can be either spontaneous (no known cause) or induced (caused by specific environmental agents). What are some environmental agents that could increase the rates of genetic mutations among humans today? What types of mutations have the potential to be the most significant from an evolutionary perspective? HelpppppppI need to find the area for this HELP ASAP Write 6 sentences about the similarities and differences from the book the giver and the movie the giver How can you solve linear equations and inequalities in one variable, including equations with coefficients represented by letters? What is the difference between these two expressions?(14 + 9) 4(14 + 9) 2(14 + 9) 4 is four times as much as (14 + 9) 2(14 + 9) 4 is three times as much as (14 + 9) 2(14 + 9) 4 is half as much as (14 + 9) 2(14 + 9) 4 is twice as much as (14 + 9) 2 Luca y Estefana _____(montar) a caballo en la playa. * O montamos O montaste O montaron O mont Find the value of x that makes A || B.2 = 3x - 20 and 5 = x + 20x= [?] Please answer the question correctly Canals and aqueducts allow humans to __________.A.conserve water suppliesB.produce hydroelectricityC.settle below river levelD.transport people and goods what does priority mean