1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andrey2020 [161]
4 years ago
13

What rate of interest compounded annually is required to triple an investment in 10 years?

Mathematics
1 answer:
Trava [24]4 years ago
8 0

Answer:

The interest rate should be 11.6%.

Step-by-step explanation:

Let us assume that at r% rate of interest compounded annually is required to triple an investment of $P in 10 years.

So, using the formula of compound interest, we can write

3P = P(1 + \frac{r}{100})^{10}

⇒ 3 = (1 + \frac{r}{100})^{10}

⇒ (1 + \frac{r}{100}) = 1.116

⇒ \frac{r}{100} = 0.116

⇒ r = 11.6 %

Therefore, the interest rate should be 11.6%. (Answer)

You might be interested in
What is the value of b(10) when b(x)=|3-x|+1 ?
vredina [299]
B(x) = |3-x|+1

b(10) means that we need to replace x by 10:
b(10) = |3-10|+1
As you can notice, 3-10 is between the lines of the absolute power. So if the answer is positive, you keep positive. If the answer is negative, you transform it to positive. |a| = a and |-a| = a. So |a|=|-a|.
So |3-10| = |-7| = |7| = 7.

b(10) = |3-10|+1 = 7 + 1 = 8.

So the value of b(10) when b(x)=|3-x|+1 is 8.

Hope this Helps! :)
7 0
3 years ago
After counting her weekly earnings, she bought a candy bar for $.45, a pen for 250 and her mom gave her 2.00. She had $5.05 left
horsena [70]

Answer:

She started with $6.00.

Step-by-step explanation:

1. This problem is meant to have you work backwards from the information given. Firstly, it is important to write all the expenses and earnings she had to her weekly earnings.

Starting Amount = ?

- $0.45 (candy bar)

- $2.50 (pen)

+ $.200 (mom)

End Total = $5.05

2. With this information, this next step will be much easier. With this process, you can now use inverse operations to undo the last few equations.

Firstly, $2.00 given by her mom will be subtracted from $5.05.

Secondly, with our new total of $3.05, $2.50 from purchasing the pen will be added to this amount. This leaves you with $5.55.

Lastly, the $0.45 cents she spent with the candy bar will be added to the $5.55.

This leaves the starting amount to $6.00.

3.  She started with $6.00

6 0
3 years ago
Read 2 more answers
ASAP ! The radius of a circle is 5 inches. What is the length of a 70° arc?
saveliy_v [14]

Answer:

7.29 inches

Step-by-step explanation:

5 0
3 years ago
John bought 15 cookies and ate 3 of them. he ate % of the cookies
cupoosta [38]
80% of the cookies. You take 15-3=12, 12÷15= .8
6 0
4 years ago
Read 2 more answers
Enter an expression equivalent to (3x^2+2y^2-3x) + (2x^2+y^2-2x) - (x^2 + 3y^2 +x)
11111nata11111 [884]

Answer:

4x² - 6x

General Formulas and Concepts:

<u>Pre-Algebra</u>

Order of Operations: BPEMDAS

  1. Brackets
  2. Parenthesis
  3. Exponents
  4. Multiplication
  5. Division
  6. Addition
  7. Subtraction
  • Left to Right<u> </u>

Distributive Property

<u>Algebra I</u>

  • Terms/Coefficients

Step-by-step explanation:

<u>Step 1: Define</u>

(3x² + 2y² - 3x) + (2x² + y² - 2x) - (x² + 3y² + x)

<u>Step 2: Simplify</u>

  1. [Distributive Property] Distribute negative:                                                    3x² + 2y² - 3x + 2x² + y² - 2x - x² - 3y² - x
  2. Combine like terms (x²):                                                                                   4x² + 2y² - 3x + y² - 2x - 3y² - x
  3. Combine like terms (y²):                                                                                   4x² - 3x - 2x - x
  4. Combine like terms (x):                                                                                    4x² - 6x
4 0
3 years ago
Other questions:
  • A photograph is 3cm longer than it is wide. If a 4cm border is added to all sides, the the total area will be 460 sq cm. What ar
    7·1 answer
  • Twice my age 10 years from now is the same as 3 times my age now. How old am I?
    14·1 answer
  • A farmer builds a fence to enclose a rectangular pasture. He uses 160 feet of fence. Find the total area of the pasture of it is
    6·1 answer
  • One clay brick weighs 5.76 pounds. The brick is 8 inches long and 2 1/4 inches wide. If the clay weighs 0.08 pounds per cubic in
    5·1 answer
  • Please Help! A cylinder has a diameter of 5 m and a height of 10 m. What is its volume? Choose all that apply.?
    14·1 answer
  • *Click the photo*
    10·1 answer
  • Please help with this answer
    8·1 answer
  • Please do help!!!!!!!​
    12·1 answer
  • 2. Explanation
    11·2 answers
  • A bank teller helps two customers.Omar takes 15$ withdraw,so his balance changes by -$15.Jake makes a $10 deposit,so his balance
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!