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How many years will it take for 3000 dollars to double at 2 percent?
Wiki User
∙ 12y ago
This sounds like my core 2 mathematics from last year, it sounds like a geometric progression. your talking about interest, yes?
3000x1.02^n = 6000
6000/3000 = 2
1.02^n = 2
log (base 1.02) 2 = n
n= 35?
I'm not quite sure if that's right.
Another reply: The exact answer is log(2) / log(1.02) (logarithm in any base, same base for both). Almost exactly 35 years. (1.02 is 1 + 2%). For a quick estimate, divide 70% by the interest rate, in this case, 2% - this gives you 35 years. This is a rough formula, that will fail for higher percentages.
Wiki User
∙ 12y ago
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What is 12 percent interest of 3000 dollars?
12% of 3000 dollars = 3000*12/100 dollars = 360 dollars.
What is six percent of fifty thousand dollars?
3000 dollars
What is 3 percent of 3 thousand dollars?
$903% of $3000= 3% * $3000= 0.03 * $3000= $90
What is the simple interest of 3000 dollars invested at 7 percent for six months?
3000*(7/100)*(6/12) = 105 dollars
What is 15 percent of 3000 dollars?
100%= $3015%= $30/100 x 15= $4.50
What is 12 percent interest of 3000 dollars?
12% of 3000 dollars = 3000*12/100 dollars = 360 dollars.
What is 3 percent of 3000 dollars?
3000 * .03 = $90
What is six percent of fifty thousand dollars?
3000 dollars
What is 5 percent of 60000 dollars?
3000
What is 30 percent of 10000 dollars?
3000
What is 3 percent of 3 thousand dollars?
$903% of $3000= 3% * $3000= 0.03 * $3000= $90
What is 75 percent off of a 3000 dollars?
the answer is 2250
What is ten percent of 3000 dollars?
10% of $3,000= $300
What is the simple interest of 3000 dollars invested at 7 percent for six months?
3000*(7/100)*(6/12) = 105 dollars
What is 10 percent of 30000 dollars?
To find 10 percent of a number, multiply the number by 0.1. In this instance, 0.1 x 30000 = 3000 dollars.
What is 15 percent off 3000 dollars?
It's $450 off, $2,550 still on.
What is 15 percent of 3000 dollars?
100%= $3015%= $30/100 x 15= $4.50
