Wednesday

July 23, 2014

July 23, 2014

Posted by **Matt** on Sunday, February 17, 2013 at 4:24pm.

- Finite Math -
**Reiny**, Sunday, February 17, 2013 at 5:43pmlet the time be n years, assuming that compound interest is used.

800(1.06)^n = 944

1.06^n = 1.18

take log of both sides, and use log rules

n log 1.06 = log 1.18

n = log1.18/log1.06 = appr 2.84 years

**Related Questions**

buissness math - Determine the total in Dexter's account after the second month ...

Consumer math !!!! please check - Determine the total in Dexter's account after...

math - Catherine borrowed $19,000 on June 20, at 10% interest. If the loan was ...

math - rick borrows 48,000 the loan will be a 10% add-on loan interest will be ...

MATH PLEASE HELP - a) How much will the monthly payment on a five yr car loan ...

math - Suppose that you took out a loan at 7% interest for 192 days. If the ...

Math - 25. Edith earns an annual gross salary of $17,500. She has 28% of her ...

Finance - Rancher Rick purchased an additional 80 acres of hay ground to produce...

Math - Norma borrowed $1,800 at 11% interest for 90 days. How much interest did...

algebra - an individual has two low interest loans, one at 4% interest and the ...