Answer:
Matthew's money will double fastest in 6 years.
Step-by-step explanation:
<u><em>The complete question is</em></u>
Answer the question for each scenario<u><em> by applying the rule of 72</em></u>. How many years will it take each situation to double its money? Situation A: Matthew invests $5,000 in an account with a compound interest rate of 12%. Situation B: Morgan invests $2,500 in an account with a compound interest rate of 8%. Situation C: Maysen invests $10,000 in an account with a compound interest rate of 4.5%. Whose money will double fastest?
we know that
The <u><em>Rule of 72</em></u> is a simple way to determine how long an investment will take to double given a fixed annual rate of interest. By dividing 72 by the annual rate of return.
so
Situation A: Matthew invests $5,000 in an account with a compound interest rate of 12%
Situation B: Morgan invests $2,500 in an account with a compound interest rate of 8%.
Situation C: Maysen invests $10,000 in an account with a compound interest rate of 4.5%
therefore
Matthew's money will double fastest in 6 years.
Answer:
x = 8 base angle = 81 degrees
Step-by-step explanation:
Answer:
Step-by-step explanation: The answer is the surface area of the above triangular prism is 156 square inches.
Answer:
Period annuity is the answer.
Step-by-step explanation:
Period annuity or fixed period describes a financial product offered by insurance companies that, in return for an investment, provides fixed payments each month for a certain amount of time.
A period annuity pays income to the person for a specified period of time like ten years. The payments depend on the amount paid into the annuity and the length of the payout period.
Whereas, the lifetime annuity provides income for the remaining life of the person.
Therefore, period annuity or fixed period annuity is the answer.
The length of its diagonal in terms of r and s is √r² + s²
In order to get the length of the diagonal of a triangle, we will use the Pythagoras theorem:
Pythagoras theorem states that the sum of the square of the diagonal is equal to the sum of the square of the other two sides.
Given the following
Length = r feet
width = s feet
The diagonal "l" will be expressed as;
l² = r² + s²
Take the square root of both sides
√l² = √r² + s²
l = √r² + s²
Hence the length of its diagonal in terms of r and s is √r² + s²
Learn more here: brainly.com/question/11929455
