If Debbie starts a retirement account with $100 that has an annual rate of return of 8%, how long (in years) would it take for her to
have at least $100,000 if interest is compounded continuously?
A) 1 year
B) 8 years
C) 87 years
D) 90 years

Answers

Answer 1

Answer:

C.) 87 years

Step-by-step explanation:

I've taken the test! Hope this helps! ;)

Answer 2

The number of years for her to have at least $100,000 if interest is compounded continuously is 90

How to determine the number of years?

The given parameters are:

Amount, A = 100,000

Principal, P = 100

Rate, r = 8%

Amount is calculated using:

A = P * (1 + r)^t

So, we have:

100000 = 100 * (1 + 8%)^t

Divide by 100

1000 = (1 + 8%)^t

Evaluate the sum

1000 = 1.08^t

Take the logarithm of both sides

log(1000) = log(1.08)^t

Apply the law of logarithm

log(1000) = tlog(1.08)

Solve for t

t = log(1000)/log(1.08)

Divide

t = 89.7

Approximate

t = 90

Hence, the number of years is 90

Read more about compound interest at:

https://brainly.com/question/2455673


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Answer:

11, 3

Step-by-step explanation:

11x3 equals 33

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Answer:

Factors of 33

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Choose the correct simplification of the expression (a^2 multiplied by b^5)^3

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Answers

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1

Step-by-step explanation:

the first one because if you take the expression that you want, and expanding it out, you will get the first one.

Answer:

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Answers

Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

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4

Step-by-step explanation:

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Answer:

C

Step-by-step explanation:

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Answer:

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Answers

Answer:

D. 191

Step-by-step explanation:

To calculate this you need to imagine triangle which points are:

boat

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Bottom of lighthouse

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My bad I don’t know the answer to this question

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Answer:

6 cm

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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aall

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Answers

Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

Answer:

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Step-by-step explanation:

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509.94

Step-by-step explanation:

That's the answer!

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A number of dimes and quarters are worth $2.55. If the number od dimes and quarters were interchanged the resulting new amount would be $2.70. How many of each kind of coin were there before the interchange?

Answers

Answer:

8 dimes

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Step-by-step explanation:

Let number of

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