122k views
4 votes
Help meeeeeeeeeeeeeeeeeeeeeeeeeee pleaseeeeeeeeeeeeeeeeeeeeee!!!!!

Help meeeeeeeeeeeeeeeeeeeeeeeeeee pleaseeeeeeeeeeeeeeeeeeeeee!!!!!-example-1

1 Answer

3 votes

Answer:

11.6 years

Explanation:

Given


A=P(1+(r)/(n) )^(nt)

we can solve for
t


t=(ln((A)/(P) ))/(n*ln(1+(r)/(n)) )

We are given


A=1800\\P=900\\r=0.06\\n=12

We can evaluate
t.


t=(ln((1800)/(2) ))/(12*ln(1+(0.06)/(12)) )


t=11.6

User Juan Isaza
by
7.7k points

Related questions

asked Jul 15, 2023 40.9k views
Yuval Levy asked Jul 15, 2023
by Yuval Levy
8.5k points
1 answer
1 vote
40.9k views
1 answer
0 votes
221k views
1 answer
2 votes
44.6k views