1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
miskamm [114]
3 years ago
10

An investment offers to double your money in 30 months (don’t believe it). What rate per six months are you being offered? (Do n

ot round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Business
2 answers:
Step2247 [10]3 years ago
6 0

Answer:

14.86% every 6 months

Explanation:

Let the original amount be a

An investment offers to double your money in 30 months i.e. 2a in 30 months

Fv = Pv (1 + x)ⁿ

Fv future value (i.e. future value of the cash flow after a particular time period. )

Pv Present value

x interest

n number of compounding period

Fv = Pv (1 + x)ⁿ

2a = a (1 + x)^(30/6)

2^(1/5)= 1 + x

1.1486 = 1 + x

x = 0.1486 0r 14.86%

kondaur [170]3 years ago
3 0

Answer:

The rate of change in 6 months is 14.87%

Explanation:

Let a be the amount that the money is multiplied in one month. We know that in 30 months it is multiplied by 2, so if we power a by 30 wew obtain 2:

a³⁰ = 2

Thus, 2 = a³⁰ = a⁶*⁵ = (a⁶)⁵

(here we use the propiety a^bc = (a^b)^c = (a^c)^b)

We can conclude that a⁶ = 2^(1/5) = 1.1487

The rate in 6 months is (1.1487-1)*100 = 14.87%

You might be interested in
Use the following information for questions 6 and 7. Wonderland Company imports and sells a product produced in Canada. In the s
GarryVolchara [31]

Answer:

$1,564,800

Explanation:

Year   Purchased Quantity (Units)   Cost per unit   Total Cost

2017                 4,000                              $160               $640,000

2018               10,000                              $220            $2,220,000

2019               16,000                               $320           $5,120,000

(A) Sales Revenue

2019              18,400                                $392                       $7,212,800

(B) Less: Cost of Goods Sold (LIFO)

2019              (16,000 x $320)                        ($5,120,000)

2018              {(18,400 - 16,000) x $220}          ($528,000)

(A - B)Gross Profit                                                                      $1,564,800

7 0
3 years ago
Using the percentage-of-sales method, the estimated total uncollectible accounts are $7,322. The Allowance for Uncollectible Acc
xenn [34]

Answer:

B. $9,957.

Explanation:

The computation is adjusted amount for Uncollectible account expense is shown below:

= The estimated total uncollectible accounts + debit balance of Allowance for uncollectible accounts

= $7,322 + $2,635

= $9,957

For computing the adjusted amount we added the estimated total uncollectible accounts and the debit balance of Allowance for uncollectible accounts

8 0
3 years ago
Employee is related to
Pie
Staff, worker, hired help
3 0
3 years ago
A Swedish tour guide has devised a clever way for his clients to recognize him. He owns 13 pairs of shoes of the same style, cus
Bezzdna [24]

Answer:

P(13,2) = 169

Explanation:

We have to calculate the combinations for left and right shoe considering is not the same having a right shoe blue and left red than having a right shoe rend and a left red.

there are 13 pairs from whcih she will take a single pair:

P(n,r) = n^{r} \\

where:

n = number of pair = 13

r = shoes = 2 (one on each foot)

P(n,r) = 13^{2} \\

P(13,2) = 169

5 0
3 years ago
Kate is a florist. Kate can arrange 20 bouquets per day. She is considering hiring her husband William to work for her. William
Leokris [45]

Answer:

38 bouquets

Explanation:

Based on the scenario being described within the question it can be said that if Kate hired her husband the total daily output would be 38 bouquets. This is a simple addition problem, since Kate's output is 20 bouquets and she is adding her Husband's output by hiring him then we simply add both of their outputs together to calculate their total combined output.

20 + 18 = 38

8 0
3 years ago
Other questions:
  • Which of the following statements regarding the center of gravity method is false
    6·1 answer
  • Omnidata uses the annualized income method to determine its quarterly federal income tax payments. It had $100,000, $50,000, and
    15·1 answer
  • Which statement best describes how an informational interview differs from a job interview
    7·2 answers
  • Williams company computed its cost per equivalent unit for direct materials to be $2.60 and its cost per equivalent unit for con
    12·2 answers
  • What should you do before giving contact information for your references to a potential employer? A. Notify references and get t
    15·2 answers
  • A seller uses a perpetual inventory system, and on April 17, a customer returns $1,000 of merchandise previously purchased on cr
    12·1 answer
  • Less developed nations have high rates of unemployment.<br><br> TRUE<br><br> FALSE
    8·2 answers
  • Which of the following statements is most correct?(a) The primary test of feasibility in a reorganization is whether every claim
    10·1 answer
  • Todays electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the com
    12·1 answer
  • Labor costs that are clearly associated with employees who directly convert materials to finished product are called:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!