Given:
The number is 3091.
To find:
The number of hundreds blocks if there are no thousands block.
Solution:
The given number is 3091.
It can be written as:
There are no thousands block. So,
Therefore, the number of hundreds blocks in 3091 is 30.
CD is an altitude of ACB. What is the length of AD? ОА. 10 ОВ. 20 OC. 12 OD. 11
1 answer:
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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,
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.