Cora invests $1000 at 5% compounded semi-annually. How long will it take, to the nearest whole year, for her money to double? Use the formula A=P(1+r/n)^(nt),
where 0.05 and n=2 to find the answer.
It will take years for Cora's money to double when invested at 5%
compounded semi-annually
The solution is

Bonnie and bobby are saving money for a vacation. each friend starts with an amount and also saves a specific amount each week. bonnie created a table to show the total she has saved at the end of each week.. weeks 0 1 2 3 4 5 6 7 8 amount saved 12 16 20 24 28 32 36 40 44 bobby came up with the following equation to show the total, y, he has saved at the end of each week, x. y = 12x + 4 compare the rate at which each friend saves money. select the correct answer from the drop-down menu to complete the statement. the rate at which bobby is adding to his savings each week is $ more than the rate at which bonnie is adding to her savings each week.