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garri49 [273]
2 years ago
15

if gh¢400.00 is deposited at a bank at 10% per annum compounded quarterly, how long will it take the deposit to double it value.

​
Mathematics
1 answer:
Semenov [28]2 years ago
8 0

Answer:

~ 7 years

Step-by-step explanation:

2 = (1 + .1/4)^(4t)

2 = (1.025)^(4t)

Take the log of both sides

log2 = 4t * log1.025

divide both sides by log1.025

log2/log1.025 = 4t

28.07103452593863 = 4t

Divide both sides by 4

7.017758631484657 = t

~ 7 years

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(So “/” will basically mean divide)
450/3000=0.15
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3 0
3 years ago
What is the slope of the line represented by the equation 10×+5y=4<br>a.2<br>b.1/2<br>c.-1/2<br>d.-2
VikaD [51]
Equation: 10x + 5y = 4
5y = -10x + 4

Divide the equation by 5, 
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Now Compare it with, y = mx + c
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In short, Your Answer would be Option D

Hope this helps!
6 0
3 years ago
In 10 years, a bank account with a 5.25% annual interest rate earned $18,375 as simple interest. What was the principal amount?
sdas [7]

Answer:

The principal amont was $35,000

Step-by-step explanation:

This is a simple interest problem.

The simple interest formula is given by:

E = P*I*t

In which E are the earnings, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.

In this problem, we have that:

E = 18375, t = 10, I = 0.0525

We want to find P. So

E = P*I*t

18375 = P*0.0525*10

0.525P = 18375

P = \frac{18375}{0.525}

P = 35000

The principal amont was $35,000

5 0
3 years ago
The length of a rectangle is (x+5) and the width is (x+2). The area of the rectangle is 70 square feet. What is the length of th
vaieri [72.5K]

Answer:

The length of the rectangle is 30 feet.

Step-by-step explanation:

Because the equation for area is length times width, you would have to set the two equations to seventy and multiply them.

<em>     (x+5) (x+2) = 70</em>

<em>     </em><em>2x + 10 = 70</em>

Then, you would have to subtract ten from both sides, cancelling it from the left side.

<em>     2x = 60</em>

<em />

Then do the opposite and divide sixty by two, therefore getting a length of thirty feet.

7 0
3 years ago
Determine the center of the following data set by finding
Artemon [7]

Answer:

The median of this set is 45.

Step-by-step explanation:

8 0
3 years ago
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