Webseven years. The value of the investment, V, is determined by the equation V 1500(2) t 7, where t represents the number of years since the money was deposited. How many years, … WebNov 18, 2024 · To the nearest year, it will it take 18 years for an investment to triple, if it is continuously compounded at 6% per year. An investment P compounded continuously at a rate of interest of r% per year for t years becomes Pe^(rt), where e is the Euler's number, an irrational number, after Leonhard Euler whose value is 2.71828182845904523536.... and …
Find to the nearest tenth of a year how long it will take to ... - Wyzant
WebQuestion 37809: Use the compound interest equation A= P(1 + r/n)^nt to find how long, to the nearest tenth of a year, it will take a $5000 investment to double if it is invested at 7% interest compounded quarterly. Answer by Alwayscheerful(414) (Show Source): WebYou need to accumulate 10,000. To do so, you plan to make deposits of 1,250 per yearwith the first payment being made a year from todayinto a bank account that pays 12% annual … dingly ren
F.LE.A.4: Exponential Growth - JMAP
WebImmigration in Italy dates back to the tenth century. From merchants to philosophers, many would travel far and long to create a new name for themselves or to spread their ideas and share items with the new land. In today’s age, immigration is more than sharing ideas and selling things, people migrate to escape war, poverty, or oppression. For the people of … Webt = 63.33/4 = 15.8 years (to the nearest tenth of a year) Thus, Time it will take to triple the investment is 15.8 years. Student review 100% (1 rating) View answer & additonal benefits from the subscription Subscribe. Related Answered Questions. Explore recently answered ... WebDec 7, 2024 · Scy H. asked • 12/07/22 A new car is purchased for 23600 dollars. The value of the car depreciates at 8.75% per year. To the nearest tenth of a year, how long will it be until the value of the car is 7100 dollars? fort myers waterfront condos for rent