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
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>

You might be interested in
For spring cleanups, a landscaper charges a flat fee of $60 plus $20 for each hour of labor. Which equation models the cost in d
o-na [289]

Answer:

80

Step-by-step explanation:

I hope this will help. I was really calculating maybe keep on trying on A peice of paper.:)

6 0
2 years ago
A scientist need 10 L of a 20% acid solution for an experiment where she had only a 5% solution and a 40% solution to the neares
andrezito [222]

Answer:

Amount of 5% solution = 5.7 Litres

Amount of 40% solution = 4.3 Litres

Step-by-step explanation:

First, of all, let x be the amount of 5% solution used

Since, the scientist needs 10 L of solution, then;

Let 10 - x be the amount of 40% solution used

Now, we are told that she needs 10 L of a 20% acid solution.

This means that;

5%x + 40%(10 - x) = 20%(10).

Simplifying this gives;

0.05x + 0.40(10 - x) = 0.20 × 10

Expanding the bracket gives;

0.05x + 4 - 0.4x = 2

0.4x - 0.05x = 4 - 2

0.35x = 2

x = 2/0.35

x ≈ 5.7 litres

Thus, she will need to mix 5.7 liters of the 5% solution.

Since 10 - x be the amount of 40% solution used , then;

the amount of 40% solution = 10 - 5.7 = 4.3 litres

4 0
4 years ago
Two-fifths of one less than a number is less than three-fifths of one more than that number
lozanna [386]
Hello,

\dfrac{2}{5} *(1-n) \textless\  \dfrac{3}{5} *(1+n)
7 0
3 years ago
Is 12:30 equivalent to 16:40, as in ratios.
Ghella [55]
Yes
Reason
Each simplified is 2:5
7 0
3 years ago
Amanda had some buttons. 20% of the buttons were red, There were 54more green buttons than red buttons. The remaining 90 buttons
Katena32 [7]

Answer: 40%

Step-by-step explanation: twice as more of 20% is 40%

5 0
3 years ago
Other questions:
  • Find the area of equilateral triangle with side a.
    14·1 answer
  • Can someone help me I’ll give u 20 points
    11·2 answers
  • Write the equation of a line that is perpendicular to y=3/2x+2 that goes through (6,-3)
    7·1 answer
  • 24 people where using gym. the ratio of men to women is 2:1. what is the ratio of men
    15·1 answer
  • Basalt is a very acid volcanic rock; the lava form of granite. True False
    12·1 answer
  • What type of model should be used to make a prediction from the given data? (-2,12), (-1,-2), (1,1), (2,3), (3,10)
    6·2 answers
  • You leave an 18% tip for a meal that costs $22. How much was the tip?
    11·1 answer
  • Help on this problem
    6·1 answer
  • an object is 279.4 centimeters wide. if you divide the object into 10 equal parts, how wide will each part be?
    12·2 answers
  • The "off-peak” weekly average cost of hiring a caravan in England is £480.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!