3 20 points
How long would it take for your account to have $1000, if your principle amount was $500 at an annual interest rate of 7% compounded.

=10.24

Step-by-step explanation:

500(1+0.07)^x = 1000

divide both sides by 500

(500(1+0.07)^x)/500 = 1000/500

(1+0.07)^x = 2

1.07^x = 2

convert your it to log format:

x = log(107/100)2

x = 10.24

you forgot an image

step-by-step explanation:

answer: 80,000

step-by-step explanation:

the population doubles every day.

10,000*2=20,000 day 4

20,000*2=40,000 day 5

40,000*2=80,000 day 6