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:
61/18
Step-by-step explanation:
Make the mixed fraction an improper fraction first. So instead of 1 1/3, it'll be 4/3.
Now in a rectangular prism, there's two of each congruent sides (three pairs in total).
You'll need to multiply (4/3)(3/4) by 2 because there's two of them.
This gives you (1)(2) which equals 2.
Next, take another set --> (4/3)(1/3)(2) again because there's two of them.
This gives you (4/9)(2) which equals 8/9.
Last, take the last set --> (3/4)(1/3)(2)
This gives you (1/4)(2) which equals 1/2.
Now that you have all the areas of the rectangles, add them all together.
2+8/9+1/2 which equals 61/18 inches squared.
1 lemon to 2 waters will be proportional to what he Brandon needs so:
1 lemon / 2 water = x lemon / 12 water
Multiply by 12
And you get (1/2)*12 which is 6=x lemons
He needs 6 cups of lemons
Answer:
Due to religion you may be obligated to donate 10% or something of that matter.
Step-by-step explanation: