Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
Sagot :
if you want to made the triple then you want to have:
[tex]600\cdot3=1800[/tex]Now we can replace that in the interest equation so:
[tex]1800=600(1+6.3)^t[/tex]Where t are the number of years so we solve for t so:
[tex]\begin{gathered} \frac{1800}{600}=7.3^t \\ \ln (3)=t\ln (7.3) \\ t=\frac{\ln(3)}{\ln(7.3)} \\ t=\frac{1.10}{1.99} \\ t=0.55 \end{gathered}[/tex]so in 0.55 years he will have the triple of the money, and to the neasres whole number will be in one year
Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.
