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Miss broom invested $10,000 into an account with an interest rate of 6% compounded annually which equation models the time it will take for his money to double? A- logbase2 1.06= T B- log2 =T C-log1.06
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Miss broom invested $10,000 into an account with an interest rate of 6% compounded annually which equation models the time it will take for his money to double?

A- logbase2 1.06= T

B- log2 =T

C-log1.06 =T

D= logbase1.06 2=t

User Marc Simon
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1 Answer

4 votes
The answer is
D= logbase1.06 2=t

If you compute it, you will will get 11.89 years which rounded to 12 years

User Lgn
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