If tanisha has $1,000 to invest at 6% per annum compounded semiannually, how long will it be before she has $1,350? if the compounding is continuous how long will it be

The Time period for investment at 6 % semiannually is 27 years

Step-by-step explanation:

Given as :

The principal investment = $ 1000

The rate of interest = 6% compounded semiannually

The Amount after T year = $ 1350

Let the time period = T year

Now, From compounded method

Amount = Principal ×

or, $ 1350 = $1000 ×

Or, =

Or, 1.35 =  

or, = 1.01

Now Taking log both side

Log   × 0.11727 = 0.0043213

So, T =

∴ T = 27.11 ≈ 27 years

Hence The Time period for investment at 6 % semiannually is 27 years . Answer

step-by-step explanation:

there are 36 inches in a yard

25 : 36 = 0.69 yards (you can round to 0.70)