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:
the answer to this question is 245
Step-by-step explanation:
n+134=379
-134 -134
n=245
w + 4
------------------------
l l
l l w
l l
------------------------
Perimeter would be the sum of all the sides so: (w+4) + w + (w+4) + w
Perimeter is 60 yards according to your problem so: (w+4) + w + (w+4) + w = 60 yds
1.Simplify/combine like terms:
w + 4 + w + w + 4 + w =
4w + 8 =
Now it's a 2-step algebra equation
4w + 8 = 60
2.Subtract 8 on both sides
4w = 56
3.Divide both sides by 4
w = 14
Answer:
37/50
Step-by-step explanation:
So 37 out of 50 who finished the class, so 37/50 .
And you can't simplify it.