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How long will it take an investment to double in value if the interest rate is 5% compounded continuously? (Round your answer to two decimal places.)
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How long will it take to double the value of the investment? 5% and compounded continuously is not. A deposit of 50 Take Alan two will be called to 0.05 D l. E, which is equal to Ellen two. You can find it here and it was a client. The answer should be so. I would like to thank you.
How long will a principal earn an interest equal to half of it at 5% simple interest?
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Gauthmathier5450
Grade 8 · 2021-03-04
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How long will a principal earn an interest equal to half of it at How long will a principal earn an interest equal t - Gauthmath simple interest?
Chloe
Answer
Explanation
Given: principal amount.
Interest =
5\%
To find: Time for which
SI=\dfrac{Principle}{2}
Solution:
According to the question
let principle =
p
SI=\dfrac{p}{2},
R=5\%
Time =
T (in years)
Now,
SI=\dfrac{P\times R\times T}{100}
\dfrac{p}{2}=\dfrac{P\times R\times T}{100}
T=\dfrac{100}{2\times5}=10
T=10 years
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NONSENSE☞REPORT See “comments” QUESTION: How long will a principal earn an interest equal to half of it at 5% simple interest? Please answer CLEARLY and show SOLUTION.
Huwag po sanang kopyahin 'yong answer ni @brainlymomshie
Answer:
10 years
Step-by-step explanation:
simple interest formula I = Prt
P = principal amount
I = interest
r= 5%
t = ? (years)
interest that is half of its principal.
I = P/2
substituting formula
P/2 = P(0.05)t
cancel P
1/2 = 0.05t
t = 1/ (2 x 0.05)
t = 10 years.
maraming salamat po❣️ gulong gulo na ako(✷‿✷)