baleskacardona88 baleskacardona88
  • 26-04-2022
  • Mathematics
contestada


Lucy is 15 years old and has $1000, she invests in a CD paying 8% interest. How many times will her money double by the time she is 60?

Respuesta :

jsimpson11000 jsimpson11000
  • 27-04-2022

Answer:

5

Step-by-step explanation:

(1 + i ) ^45     i = interest in decimal    45 = years

(1.08)^45 = ~~ 32    

when she is 65 it will be worth  32 000

  so it doubles  5 times   (1000  2000  4000  8000 16000 32000)

Answer Link

Otras preguntas

Which organs are responsible for producing fluid to give sperm nourishment and motility?
how does immune system work together with the circulatory system
I just need opinions from various people. The following passage that I attached is called "Picking Strawberries: Could You Do It? - Flo Ota De Lange". My questi
Which organs are responsible for producing fluid to give sperm nourishment and motility?
Which of the following describes a structure that both prokaryotic and eukaryotic cells have in common?
During which of the following processes do vesicles sometime fuse with lysosomes
Which element is classified as a noble gas at STP? hydrogen oxygen neon nitrogen
How do I do this? Can someone fill in the blanks
In 1668, Francesco Redi conducted an experiment with jars of meat. This experiment was noteworthy because it _____.
Which genotype belongs to an offspring that is homozygous recessive for both traits?