Mathematics, 13.12.2019 18:31 GusGus11
Kloh put $3000 dollars in a savings account that earns 4% annually, compounded monthly. use logarithms to find how long would it would take for her to double her money?
Answers: 3
![log(2)=log[(\frac{12.04}{12})^{12t}]](/tpl/images/0417/3477/a79ae.png)
![log(2)=(12t)log[(\frac{12.04}{12})]](/tpl/images/0417/3477/1b113.png)
![t=log(2)/[(12)log(\frac{12.04}{12})]=17.4\ years](/tpl/images/0417/3477/414ac.png)
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Kloh put $3000 dollars in a savings account that earns 4% annually, compounded monthly. use logarith...
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