alizeleach0123
21.05.2021 •
Mathematics
Find how long it takes for $500 to double if it is invested at 6% interest compounded monthly
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Ответ:
11.581 years
Step-by-step explanation:
Formula:
Ответ:
First, divide both sides by 0.1 / Your problem should look like: x = 2(x + 2)
Second, expand. / Your problem should look like: x = 2x + 4
Third, subtract 2x from both sides. / Your problem should look like: x - 2x = 4
Fourth, simplify x - 2x to -x. / Your problem should look like: -x = 4
Fifth, multiply both sides by -1. / Your problem should look like: x = -4
x = -4