Thursday

April 24, 2014

April 24, 2014

Posted by **Anonymous** on Saturday, May 4, 2013 at 9:39am.

A) If there are 850 initially, how long before there is a 1000?

B)How long for it to double?

x

1000=850(1.02)

- Math -
**Henry**, Monday, May 6, 2013 at 3:48pmP = Po(1+r)^t = 1000.

850(1.02)^t = 1000

(1.02)^t = 1000/850 = 1.17647

Take Log of both sides:

t*Log 1.02 = Log 1.17647

0.0086t = 0.07058

t = 8.2 Years

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