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:
<h2> There is no slope.</h2>
Step-by-step explanation:

It means that for a line passing through two points to have the slope, the x-coordinates of these point have to be different.
(-4, 0) and (-4, -10) means x₁ = x₂ = -4, <u>so there is no slope.</u>
{the line is parallel to Y-axis, and has an equation: x=-4}
Answer: Diego buys about 3 pounds of blueberries, b
Step-by-step explanation: Lets write an equation to solve for b, how many pounds of blueberries he bought.
4.99b=14.95
Solve:
4.99b divided by 4.99 = 14.95 divided by 4.99
b = 3
Answer:
plz tell the full question well i hope this will help.
Step-by-step explanation:
The key word to note is 'product'. A product is the answer to a multiplication operation.
The product of 3 and 4 means 3×4=12
12 is the product.
In this question we are working with algebra, but it means the same.
The product of pandq means p×q=pq
The product is pq. This is an algebraic term which cannot be simplified further and cannot be evaluated unless you know the values for pandq
Assuming you are asking
does -2x+y=6 and y-2x=4 have a solution
look at them
rewrite first equation by switching x and y
y-2x=6 and
y-2x=4
false since they are same values
there is no solution
these 2 lines are paralell
NO SOLUTION