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3 years ago

A S A P ! ! ! ! I nEEd help again!!

Mathematics

1 answer:

atroni [7]3 years ago

6 0

Answer:

3.00 feet

Step-by-step explanation:

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A bank advertises that it compounds money quarterly and that it will take Double your money in 10 years. what is the interest-ra

S_A_V [24]

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,

$A =P(1+\frac{r}{n} )^{nt}$ ...............................(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)

$2X =X(1+\frac{r}{4} )^{(4)(10)}$

$\frac{2X}{X} =(1+\frac{r}{4} )^{(4)(10)}$

$2 =(1+\frac{r}{4} )^{40}$

Take root $40^{th}$ root on both side,

$\sqrt[40]{2} = (1+\frac{r}{4} )$

$1.017479692 = (\frac{4+r}{4} )$

$(1.017479692)(4) = (r+4)$

$4.06992=(r+4)$

$r = 4.06992 -4$

$r =( 0.06992)(100)$

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.

3 0

3 years ago

a pair of sneakers is on sale for $51 this is 75% of the original price, what is the original price of the shoes?

sertanlavr [38]

Ok so first u have to devide the 51 into 4. So 51 divided by 4 is 12.75. Then it is 75% of it so 75% is 3/4 so you will have to multiply 12.75 by 3. That would equal 38.25. YOUR ANSWER IS 38.25

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4 years ago

Roger's flight took off at 9:27 a.m. The flight is scheduled to land at 1:05 p.m. If the flight lands on schedule, how long is t

arsen [322]

So Roger flight left at exactly 9.27:am and it will land at 1:05pm

So count on to 12:27 will be 3 hours and subtract from 5 because 65 is 05 3hours and 38mins

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3 years ago

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High population density can cause increases in competition for resources, such as food and shelter. The table shows the number o

Taya2010 [7]

Answer:

Step-by-step explanation:

Ed 2021

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3 years ago

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Please help, I’ll mark your answer as brainliest.