kittyclaw8977 kittyclaw8977

17-05-2021
Mathematics

contestada

Card was bought for 5 dollars. It's has appreciated 5% each year. When will the card be worth 25 dollars?

Respuesta :

samuelonum1 samuelonum1

19-05-2021

Answer:

32 years

Step-by-step explanation:

Given data

Principal= $5

Rate= 5%

FInal amount= $25

Time=???

Applying the compound interest formula for time

t= ln(A/P)/r

t= ln(25/5)/0.05

t= ln(5)/0.05

t= 1.60/0.05

t= 35 years

Hence the time is 32 years

Answer Link

Otras preguntas

Please help me to get correct answer

Please help me to get correct answer

The Byzantine Empire became a regional center of trade because

4 1/3 - (-2/3)=? This is 6th grade i-ready math

What is the y- intercept of the graph shown that is below

How much of this reactant should he order to make sure he runs out of both reactants at the same time? Round to the nearest hundredth and do not round any of yo

) Kayden is given this question work out 12000 x 3000 Give your answer in standard form His answer is 12.6 x10^7 lis Kayden correct? Explain your answer

Chimpanzees reproduce sexually, and sponges reproduce asexually. What disadvantage do chimpanzees have compared tosponges?

Sound travels about 750 miles per hour. If you stand in a canyon and sound a horn, you will hear an echo. Suppose it takes about 0.5 seconds to hear the echo. H

Which statement addresses an irony in the narrator’s final actions in My Ántonia.