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,
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.
Answer:
2
Step-by-step explanation:
To find the scale of dilation, you have to compare the ratio of the after transform with before transform according to the center of dilation. In this case, the center of dilation is Q so you have to compare QA' : QA. We know that QA= 1.25 and AA' is 1.25. The distance of QA' will be:
QA'= QA + AA'= 1.25 + 1.25 = 2.5
The scale factor will be:
scale factor= QA' : QA.= 2.5 : 1.25
scale factor= 2
Answer:
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Answer: C
Explain: The Statue of Liberty, Grand Canyon, and Empire State Building are all examples of INDUSTRY Good.
Add 4/5 and 1/5 to make 5/5 or 1 mile the subtract 1 from 2 1/2 to equal 1 1/2 miles