A community for students.
Here's the question you clicked on:
 0 viewing
raimelgarcia5
 2 years 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
raimelgarcia5
 2 years 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

This Question is Closed

Daniel_F
 2 years ago
Best ResponseYou've already chosen the best response.0I 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?

Daniel_F
 2 years ago
Best ResponseYou've already chosen the best response.0I sent it to you in a pm

raimelgarcia5
 2 years ago
Best ResponseYou've already chosen the best response.0like i jsut dont know what "log'' means... (i think that's what u gotta use right?

raimelgarcia5
 2 years ago
Best ResponseYou've already chosen the best response.0the yahoo link... doesnt explain it... or at least not how i did it... like, i dont get it...

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

raimelgarcia5
 2 years ago
Best ResponseYou've already chosen the best response.0online class... it doesnt... (Im suppose to know it... ) but last year i was a mess, and now i wanna change...

raimelgarcia5
 2 years ago
Best ResponseYou've already chosen the best response.0how to get the "log" of that... i jsut dont get what a "log" is

Daniel_F
 2 years ago
Best ResponseYou've already chosen the best response.0I 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

Daniel_F
 2 years ago
Best ResponseYou've already chosen the best response.0But anyways I've got to go, my mom needs me to put her table together... goodluck

raimelgarcia5
 2 years ago
Best ResponseYou've already chosen the best response.0A = P (1+r/n)^nt 59905 = 29952(1+.0276/365)^365t 2 = 1.00007561643836^365t stuck here! :/
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.