Ask
your own question, for FREE!
Mathematics
54 Online
A college studen invests $11,000 in an account paying 8% per year compounded annually. In how many years will the amount quadruple?
Still Need Help?
Join the QuestionCove community and study together with friends!
11,000(1+.08)^t = 33,000 solve for t
I don't understand how to solve for t when it's up in a power?
5 years
I got 14 years...
how?
Still Need Help?
Join the QuestionCove community and study together with friends!
Well, this is what I did. 11000(1.08)^t=33000. 3=(1.08)^t log3=log(1.08) t=log(3)/log(1.08) t=14.274
Aha I might be wrong but I got 7.53 years.
How'd you get 7.53?!
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
ShinePrincess:
Write a function that will create the following transformation. Shift f(x) down 3
forgetmylife:
Only the real understand ud83eudd26ud83cudffdu2642ufe0f I'm tired. Tired of the constancy, the constancy of judgment.
rishavraj:
Just trying to find a friend. We met on openstudy, her nickname on there was something "tarantula".
1 hour ago
0 Replies
0 Medals
11 hours ago
2 Replies
1 Medal
2 hours ago
4 Replies
0 Medals