Solve the problem.Gillian has $10,000 to invest in a mutual fund. The average annual rate of return for the past five years was 12.25%. Assuming this rate, determine how long it will take for her investment to double.
Fill in the blank(s) with the appropriate word(s).
6 years
Mathematics
You might also like to view...
Use natural logarithms to solve the exponential equation. If necessary, round to the nearest thousandth.3(x - 2) = 20
A. 4.727 B. 3.897 C. 0.727 D. 8.667
Mathematics
Determine if the system has no solution or infinitely many solutions. If the system has infinitely many solutions, describe the solution with the equation of a plane or an ordered triple in terms of one variable.
A.
B.
C.
D. no solution
Mathematics
Graph the polynomial function. f(x) = -2x3(x - 2)2(x - 1)
A.
B.
C.
D.
Mathematics
Write the equation in its equivalent logarithmic form.42 = y
A. logy 4 = 2
B. logy 2 = 4
C.
log4 y = 2 |
D. log2 y = 4
Mathematics