The interest rate is 6.992%, if a bank advertises that it compounds money quarterly and that it will take Double your money in 10 years.
Step-by-step explanation:
The given is,
Compounds money quarterly
Double your money in 10 years
Step:1
Formula to calculate future investment with compounded quarterly,
...............................(1)
Where, A - Future amount
P - Initial investment\
r - Rate of interest
n - No. of compounding in a year
t - No. of years
Step:2
Let, P = X
A = 2X ( Double your money )
From given, n - 4 ( for compounding quarterly )
t - 10 years
From equation (1)



Take root
root on both side,
![\sqrt[40]{2} = (1+\frac{r}{4} )](https://tex.z-dn.net/?f=%5Csqrt%5B40%5D%7B2%7D%20%3D%20%281%2B%5Cfrac%7Br%7D%7B4%7D%20%29)





r = 6.992 %
Result:
The interest rate is 6.992%, if a bank advertises that it compounds money quarterly and that it will take Double your money in 10 years.
-23 over 5 ÷ 11 over 5
-23 × 5 over 5 × 5
-115 over 55
Therefore, your answer would be: -2 and 1 over 11
First subtract the two numbers:
8 - 5 = 3
Now divide this to the original:
3 / 5 = 0.6
Multiply by 100:
0.6 * 100 = 60%
Answer:
<h2>
x=2</h2>
Step-by-step explanation:
Isolate x
3x + 4x - 8 = 6
+8 +8
3x + 4x = 6 + 8
Simplify
3x + 4x = 6 + 8
7x = 14
Divide both sides by 7
7x/7 = 14/7
x = 2
g(x) cannot have an inverse because it gives the same output value for two individual input values.
In this case, g(x) is 5 when x is both 3 and -1. Hence, g(x) does not have an inverse.
Let me know if you have any questions, thanks!