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:
-15/6
Step-by-step explanation:
-3 1/3+5/6
5/6 - 3 1/3
=> 5/6 - 10/3
=> 5/6 - 20/6
=> -15/6
This sequence is arithmetic, because each number is the last number plus two.
Answer: 
Step-by-step explanation:
Alright, lets get started.
The given expression is given as :

We know quotient identity as :

Similarly, we know reciprocal identity as :

lets plug the value of cot and sec in given expression

cos will be cancelled, remaining will be

Using reciprocal identity again, that will equal to :
................... Answer (A)
Answer:
In order to find the value of s, we must isolate the s variable in this equation, so the first step should be subtracting 3 5/6 from both sides of this equation. In order to subtract, we multiply each denominator to get 42, and multiply the numerator by the same amount, and subtract the number from both sides:
s + 3 35/42 = 9 6/42
s = 5 13/42
Step-by-step explanation: