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<h3>Interest rate required for Antonio’s investment to double in value in 12 years is 8.3 % per annum</h3>
<em><u>Solution:</u></em>
Given that,
Antonio wants to invest $7600 in a saving account
Antonio’s investment to double in value in 12 years
To find: Rate of interest
<em><u>The total amount using simple interest is given as:</u></em>
Where,
p is the principal
r is the rate of interest
t is the number of years
From given,
p = 7600
t = 12 years
r = ?
Antonio’s investment to double
Therefore,
A = 2(7600) = 15200
<em><u>Substituting the values we get,</u></em>
Thus interest rate required for Antonio’s investment to double in value in 12 years is 8.3 % per annum
Answer:
Step-by-step explanation:
To write a polynomial in standard form, list its terms from highest to lowest degree. The degree of a term is represented by its exponents. Thus, rearrange the terms so that the terms with the highest exponents are first and the ones with the lowest are last.
Thus, is the answer.