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You want to double your savings of $29,952 in an account with an interest rate of 2.76% that compounds daily. How long will it take you to double your money? Round the solution to the nearest hundredth.
Well I'm stuck in this part:
2 = 1.00007561643836^365t
*I used the formula: A=P(1+r/n)^nt
 one year ago
 one year ago
You want to double your savings of $29,952 in an account with an interest rate of 2.76% that compounds daily. How long will it take you to double your money? Round the solution to the nearest hundredth. Well I'm stuck in this part: 2 = 1.00007561643836^365t *I used the formula: A=P(1+r/n)^nt
 one year ago
 one year ago

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Daniel_FBest ResponseYou've already chosen the best response.0
I don't really want to explain it because it would take like 30 minutes but I can link you to a yahoo answers if you want?
 one year ago

Daniel_FBest ResponseYou've already chosen the best response.0
I sent it to you in a pm
 one year ago

raimelgarcia5Best ResponseYou've already chosen the best response.0
like i jsut dont know what "log'' means... (i think that's what u gotta use right?
 one year ago

raimelgarcia5Best ResponseYou've already chosen the best response.0
the yahoo link... doesnt explain it... or at least not how i did it... like, i dont get it...
 one year ago

Daniel_FBest ResponseYou've already chosen the best response.0
Do you have your text book with you? If so it should show how to do it in the front of the lessons
 one year ago

raimelgarcia5Best ResponseYou've already chosen the best response.0
online class... it doesnt... (Im suppose to know it... ) but last year i was a mess, and now i wanna change...
 one year ago

raimelgarcia5Best ResponseYou've already chosen the best response.0
how to get the "log" of that... i jsut dont get what a "log" is
 one year ago

Daniel_FBest ResponseYou've already chosen the best response.0
I go to Connections Academy and I have text books, the only log I know is a logarithm which I don't think has much to do with this lol
 one year ago

Daniel_FBest ResponseYou've already chosen the best response.0
But anyways I've got to go, my mom needs me to put her table together... goodluck
 one year ago

ryan123345Best ResponseYou've already chosen the best response.0
look up logarithium
 one year ago

raimelgarcia5Best ResponseYou've already chosen the best response.0
A = P (1+r/n)^nt 59905 = 29952(1+.0276/365)^365t 2 = 1.00007561643836^365t stuck here! :/
 one year ago
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