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horrorfan [7]
3 years ago
10

At what interest rate (to the nearest hundredth of a percent) compounded annually will money in savings double in five years?

Mathematics
1 answer:
Sphinxa [80]3 years ago
5 0
For a single payment with compound interest, the equation to use is F=P(1+i)^n where F is the value after n periods, P is the present value, and i is the interest rate.

If we want the final value F to double in 5 years, F is then equal to P then n=5. The equation is now:

2P=P(1+i)^5
2=(1+i)^5
i=14.87% per year
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Answer:

h(-2)=-6

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Step-by-step explanation:

Just plug 2 in for x and solve the equation.

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If a piece of ribbon is 5 and 1 over 2. Feet long, how long is it in inches? 33 inches 55 inches 60 inches 66 inches
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2 years ago
brand X pizza is having a special coupon offer. if you buy two large pizzas, you get $2.00 off the total price before tax. a lar
soldier1979 [14.2K]

Answer:

Very handy question to know the answer to. I know of no place on the planet that does not have a tax of some sort.

The tax only applies when money changes hands. It does not apply to any discounts

So if you take the deal, the cost is

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Long way

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Short Way

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Cost = (21 - 2)*(1+ 7.5/100)

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Step-by-step explanation:

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