aaliyahbarnett1 aaliyahbarnett1
  • 19-04-2022
  • Mathematics
contestada


If an investment has a 5% annual interest rate and it is compounded
monthly, how many years will it take to double in value?

Respuesta :

djnelson051408 djnelson051408
  • 19-04-2022

Answer:

2 years

Step-by-step explanation:

If it is annunal I think it would be 2 years

5 x annual year (year) =2

Answer Link

Otras preguntas

Laws and cases involving the right to privacy are often difficult to decide because
To make the bowling team. Jacques needs a three-game average of 160. If he bowled 141 and 162 for the first two games, what score S must be obtained in the thir
What additional information do you need to prove triangle GHI is congruent to triangle DEF?
Which of the following sentences contains figurative language? His face was as red as an apple. I like apples more than oranges. Her hair was red; apples are re
Equations can be balanced by using the half-reaction method. Which step should be completed immediately after finding the oxidation states of atoms? A;insertin
Chain-branching __________ the contact surface area between molecules.
In the _____ industry, people perform work that benefits other people. Select the best answer choice. a.enterprise b.sales c.service-providing d.goods-providing
50 miles on 2.5 gallons
What is 0.0056 in scientific notation? Enter your answer in the boxes.
Evaluate the numerical expression 30 - [(9x3) - (3 x 4)] and [(25 - 11) + (15 - 9)] divided by five. (These are two questions, giving 5-10 points for this)