Raymond B. answered 07/21/22
Math, microeconomics or criminal justice
13200=10000e^.06t
1.32 = e^.06t
ln1.32 =.06t
t = ln1.32/.06 = about 4.6272= 4.63 years
a little over 4 3/5 years to turn $10,000 into $13,200
to double the money to $20,000
2 = e^.06t
ln2 = .06t
t = ln2/.06 = a little over 11.55 years
in 9 years
A=10000e^.06(9) = $17,160.01