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
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
You might be interested in
Richard and teo have a combined age of 42. Richard is 9 years older that twice teos age. How old are Richard and Teo
satela [25.4K]

Step-by-step explanation:

Richard and teo age is 51 years old

6 0
2 years ago
Ben plants 6 rows of roses, with the same number of roses in each row.
olga_2 [115]
6x6
6 for the rows and 6 for the amount of roses
3 0
2 years ago
On a large baking tray, 40 cookies can be baked together. To bake 40 cookies it takes 14 minutes, for baking 80 cookies it takes
Serggg [28]

Answer:

B. 56

Step-by-step explanation:

1 cookie - 14 minutes

max. 40 cookies

140-100=40

42+14=56

5 0
2 years ago
Read 2 more answers
Given Sn=2n^2 - 5n, find
brilliants [131]

Answer:

a) -3

b) 117

c) 100

Step-by-step explanation:

(a) 2(1)²-5(1)

1²= 1

2×1= 2

2-5= -3

(b) 2(9)²-5(9)

9²= 81

81×2= 162

162-45= 117

(c) 2(4)²-5(4) +2(8)²-5(4)

4²=16

16×2= 32

32-20= 12

8²=64

64×2= 128

128-40= 88

88+12= 100

hope it helps!

6 0
2 years ago
Answer correctly for brainliest
mr_godi [17]

Answer:

x=3

Step-by-step explanation:

When you substitute x = 3 to both equations, you get y = -4 for both so that is a solution

6 0
3 years ago
Other questions:
  • Select all irrational numbers.
    6·1 answer
  • Halee set up a lemonade and cookie stand at the end of her street. She is selling lemonade for $0.25 per cup and cookies for $0.
    14·2 answers
  • What is the area of a square with length 5x?
    12·1 answer
  • What is the approximate volume of a sphere with a radius of 14​
    6·1 answer
  • Ruila works at McDonald's, and worked 20 hours last week. Her gross income
    5·2 answers
  • A chief had 6 cups of berries and will use 2/3 cup of berries for each serving of fruit salad. How many servings can be made ?
    7·2 answers
  • List of sides in order from shortest to longest 
    6·1 answer
  • Evaluate the following expression <br> 9+ 2/8^3=
    15·2 answers
  • Algebra Word Problems
    12·1 answer
  • aFigures A and Figures B are shown on the coordinate grid. Which series of transformations demonstrates that the figures are con
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!