The interest rate is 6.992%, if a bank advertises that it compounds money quarterly and that it will take Double your money in 10 years.
Step-by-step explanation:
The given is,
Compounds money quarterly
Double your money in 10 years
Step:1
Formula to calculate future investment with compounded quarterly,
...............................(1)
Where, A - Future amount
P - Initial investment\
r - Rate of interest
n - No. of compounding in a year
t - No. of years
Step:2
Let, P = X
A = 2X ( Double your money )
From given, n - 4 ( for compounding quarterly )
t - 10 years
From equation (1)



Take root
root on both side,
![\sqrt[40]{2} = (1+\frac{r}{4} )](https://tex.z-dn.net/?f=%5Csqrt%5B40%5D%7B2%7D%20%3D%20%281%2B%5Cfrac%7Br%7D%7B4%7D%20%29)





r = 6.992 %
Result:
The interest rate is 6.992%, if a bank advertises that it compounds money quarterly and that it will take Double your money in 10 years.
Answer:
Add 7 to both sides
Step-by-step explanation:
You would need to add 7 to both sides to cancel out the 7 on the right side of the equation to get x one step closer to being by itself.
Then you would get 4x = -8.
Next divide by 4 on both sides to get x by itself so do the inverse operation of what 4 was doing to x.
x = -2
Answer:
d
Step-by-step explanation:
Soooo,
d = 2r
(29) = 2r
29/2 = 2r/2
14.5 = r
the answer is ssmsmsmsmsmememememeememekekeke
Answer:

Step-by-step explanation:
In leftmost triangle:
opposite side =y
adjacent=a
now, we can use trig formula

now, we can solve for y

In rightmost triangle:
adjacent=b
opposite=y
a+b=15
b=15-a
now, we can use trig formula

now, we can solve for y

now, we can set them equal
and then we can solve for a




now, we can find b


now, we can use trig formula

now, we can find z

we can simplify it
and we get
