How long does it take a 2700 dollar investment compounded monthly at 9% to make 500 dollars

23 months

Also please note that it's everytime ^t/12 not (^t)/12

Step-by-step explanation:

Principal (P) = $2700

rate = 9%

t = ?

Amount =

Amount = 2700 +500 = $3200

So substituting all our values we get :

So we use log to solve for t :

Solving this using a calculator we get:

1.9714966193*12

=23 months

step-by-step explanation:

hjkj

step-by-step explanation:

because 1/3 is a fraction. we can tell because there is a divisor symbol between the 1 and the 3. if we were to add 2 fractions together, we would add the numerators, which is the number on top, but not the denominators, which is the number on the bottom

1/3+1/3=2/3

hope this !