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,
![\sqrt[40]{2} = (1+\frac{r}{4} )](https://tex.z-dn.net/?f=%5Csqrt%5B40%5D%7B2%7D%20%3D%20%281%2B%5Cfrac%7Br%7D%7B4%7D%20%29)





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.
The answer is 23 1/3. First, you need to add 280 to both sides of the equations in order cancel out 280 and get 12x by itself. But remember whatever you do to one side of an equation, you must to do the other. So now you have 12x=280. Now divide both sides of the equation by 12 in order to get x completely isolated. 280 divided by twelve is 23 1/3.
9514 1404 393
Answer:
(x, y) → (-∞, -∞), (+∞, +∞)
Step-by-step explanation:
The expression is of odd degree with a positive leading coefficient. It will have a generally upward slope (/). That is, the sign of f(x) will match the sign of x for large-magnitude values of x:
x → -∞, f(x) → -∞
x → ∞, f(x) → ∞
That would be 8 and 9.
9*8=72
While 9+8=17
I hope this helps! (: