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Oksana_A [137]
3 years ago
11

In fixed deposit, a bank gives 10% interest compounded annually for senior citizens. How many complete years will it take for a

sum of money to be more than double.
Mathematics
1 answer:
Mazyrski [523]3 years ago
4 0

Answer: 8 years

Step-by-step explanation:

You can find this out use the Rule of 72. By dividing 72 by the fixed interest rate, you can estimate the amount of time it will take for an investment to double in size:

= 72/10

= 7.2 years

= 8 complete years

Example:

Assume they invested $1,000. Interest rate is 10%.

Amount after 8 years will be:

= 1,000 * (1 + 10%)⁸

=$2,143.59

<em>Investment is now more than double. </em>

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attashe74 [19]

Answer:

11.28

Step-by-step explanation:

282×4%=11.28 for sales tax

282+11.28= 293.28 would be total for bike and sales tax

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3 years ago
What number do you reach when you start at -7 and move 3 units to the right ​
Vesna [10]

Answer: The number you reach would be -4

Step-by-step explanation:

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4 years ago
The world's population has grown at an average rate of 1.9 percent per year since 1945. There were approximately 4 billion peopl
kkurt [141]

Answer:  f(t) = 4000000000( 1 .019)^t

Step-by-step explanation:

Here, According to the question,  The population of the world is 4 billion (approx).

Again According to the question, The world's population has grown at an average rate of 1.9 percent per year since 1945.

Therefore, after 1975 the growth rate will remains same.

Thus, the population of the world after t years,

f(t) = 4000000000( 1+\frac{1.9}{100} )^t   (By the formula A = P(1+\frac{r}{100})^t )

⇒f(t) = 4000000000( 1.019 )^t

Where 1.019 is the growth rate and 4 billion is the initial population.


6 0
3 years ago
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Dafna11 [192]

Answer:

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