if the principal p is invested at an interest rate r compounded annually, the amount after t years is given by formula A=P (1+r)t. If P10000is invested at 15% interest and yields P20000, how many years was it invented?
if the principal p is invested at an interest rate r compounded annually, the amount after t years is given by formula A=P (1+r)t. If P10000is invested at 15% interest and yields P20000, how many years was it invented?
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.CR: Review Problem Set
Problem 56CR
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if the principal p is invested at an interest rate r compounded annually, the amount after t years is given by formula A=P (1+r)t. If P10000is invested at 15% interest and yields P20000, how many years was it invented?
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