Answer:
I suggest that you use Socratic to solve this. It answers almost every question.
Step-by-step explanation:
Answer:
The rate at which the investment gets double is 7.776
Step-by-step explanation:
Given as :
The principal investment = $ 5051
The time period of investment = 9 years
Let The rate of interest = R % compounded quarterly
The Amount gets double
So, <u>From Compounded method</u>
Amount = Principal ×
Or, 2 × P = P × ( 1 + 
Or, 2 = ( 1 +
Or,
= 1 + 
or, 1.01944 - 1 = 
or, 0.01944 = 
∴ R = 0.01944 × 400 = 7.776
Hence The rate at which the investment gets double is 7.776 Answer
Answer:
completing the division operation: numerator divided by denominator.
Step-by-step explanation:
If you have a rate, such as price per some number of items, and the quantity in the denominator is not 1, you can calculate unit rate or price per unit by completing the division operation: numerator divided by denominator.