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Andreyy89
3 years ago
8

How long will it take your money to triple if you receive 10% return on your money, compounded annually?

Business
1 answer:
vovangra [49]3 years ago
8 0

Answer:

11.6 years

Explanation:

When we are trying to determine how long will it take an investment to double using compound interest, the simplest way is to use the rule of 72. But the problem is that it doesn't work very well with odd numbers.

So we have to use math:

FV = PV (1 + r)ⁿ

PV = X     and  FV = 3X

3X = X(1 + 10%)ⁿ

3 = (1 + 0.1)ⁿ

log 3 = log 1.1ⁿ

log 3 = n x log 1.1

n = log 1.1 / log 3

n = 11.6 years

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Answer:

attacked or assaulted property rights.

Explanation:

After the civil war, the supreme court held the idea that any government regulation (especially economic regulation) denied private businesses of their property rights and liberties, which constituted a violation of the Fourteenth Amendment. The Fourteenth Amendment guaranteed equal and legal rights to all US citizens (businesses were included as citizens) and guaranteed that no government (state or federal) shall deny any citizen of life, liberty, or property without due process of law.

We have to remember that these were sensible times and the supreme court tried to protect the newly given rights specially to African Americans, but sometimes business people are very capable of using ideological trends in their favor.

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3 years ago
The government of Ruritania has implemented many programs that promote equality, but has become concerned about the very slow ra
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Explanation:

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It is also a generally held view that reducing taxes as a Fiscal policy can help stimulate the Economy by leaving the public with more funds to invest in and spend on the Economy.

The Government of Ruritania is therefore most likely to combine reducing Social programs as well as reducing taxes. This will have the effect of leaving the Government with some money as it loses revenue from taxes whilst also enabling the public to have more money to invest and to spend which will then lead to Economic growth.

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3 years ago
True or False: The consequences of price ceilings are random, as the effects cannot be explained by the dynamics of the free mar
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3 years ago
Reddit, Digg, and StumbleUpon are examples of popular
Arte-miy333 [17]

Answer:

social bookmarking sites

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They fetch the contents from other Web sites and encourage their users to share their preferences on what they like and see all over the Internet with their friends.

They're not social networks per say because people aren't directly in contact with each other, only through their shared contents.

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A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6
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Answer:

$3540.

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3 years ago
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