Answer:
1 1/3 pound (1 pound and 1/3)
Step-by-step explanation:
u just but it in a fraction
4/3
and simplify to mixed number
1 1/3
Answer:
$54.6
Step-by-step explanation:
Amount borrowed = $560
Interest paid in the 12-month period = 6.5% of 560 =$36.4
The amount of interest Trudy pays in 18 months is worked out as
Monthly interest = $36.4/12
Interest payable in 18 months
= ($36.4/12) x 18
= $54.6
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:
= 1.6
Unless you meant to clarify what in the equation you needed, but that is the answer to it.