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7 July, 03:56

Miss broom invested $10,000 into an account with an interest rate of 6% compounded annually which equation models the time it will take for his money to double?

A - logbase2 1.06 = T

B - log2 = T

C-log1.06 = T

D = logbase1.06 2=t

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Answers (1)
  1. 7 July, 06:13
    0
    The answer is

    D = logbase1.06 2=t

    If you compute it, you will will get 11.89 years which rounded to 12 years
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