The interest rate will be equal to 24% in 2 years.
<h3>What is compound interest?</h3>
Compound interest is the interest levied on the interest. The formula for the calculation of compound interest is given as:-
Given that:-
- Find the interest rate if $32 increased to $50 in 2 years.
The interest rate will be calculated by using the following formula:-
![A = P[1+\dfrac{r}{n}]^{nt}](https://tex.z-dn.net/?f=A%20%3D%20P%5B1%2B%5Cdfrac%7Br%7D%7Bn%7D%5D%5E%7Bnt%7D)
![50=32[1+\dfrac{r}{1}]^{2}](https://tex.z-dn.net/?f=50%3D32%5B1%2B%5Cdfrac%7Br%7D%7B1%7D%5D%5E%7B2%7D)
1.56 = ( 1 + r )²
√1.56 = ( 1 + r )
r = 1.24 - 1
r = 0.24
r = 24%
Therefore interest rate will be equal to 24% in 2 years.
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Answer:
Plan 1: 7,300p Plan 2: 9,125. Plan 3: 8,030
Step-by-step explanation:
Answer:
Volume of original toolbox = 180 in³
Yes, doubling one dimension only would double the volume of the toolbox.
Step-by-step explanation:
Volume = L x W x H
10 x 6 x 3 = 180 in³
proof:
double length = 20 x 6 x 3 = 360 in³, which is double the original
double width = 10 x 12 x 3 = 360 in³, which is double the original
double height = 10 x 6 x 6 = 360 in³, which is double the original
<h2>63.6 cm</h2><h2 />
Cut diameter in half to find radius
9/2 = 4.5
radius = 4.5
This is the formula for area of a circle:
pi * radius^2
pi * 4.5^2
20.25pi
Now find pi:
20.25 * pi = 63.6
Answer:
63.6 cm is the area
