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3 years ago

Hey can someone give me some really easy questions that i can answer i would really appreciate it thank you any subject

Mathematics

1 answer:

slamgirl [31]3 years ago

5 0

What’s your favorite fruit?

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A bank advertises that it compounds money quarterly and that it will take Double your money in 10 years. what is the interest-ra

S_A_V [24]

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,

$A =P(1+\frac{r}{n} )^{nt}$ ...............................(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)

$2X =X(1+\frac{r}{4} )^{(4)(10)}$

$\frac{2X}{X} =(1+\frac{r}{4} )^{(4)(10)}$

$2 =(1+\frac{r}{4} )^{40}$

Take root $40^{th}$ root on both side,

$\sqrt[40]{2} = (1+\frac{r}{4} )$

$1.017479692 = (\frac{4+r}{4} )$

$(1.017479692)(4) = (r+4)$

$4.06992=(r+4)$

$r = 4.06992 -4$

$r =( 0.06992)(100)$

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.

3 0

3 years ago

Quisssssssss !!!!<br><br>x + 2x + 9y - 7y

fomenos

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x + 2x + 9y - 7y

3x + ( 9y - 7y )

3x + 2y

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4 0

2 years ago

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Solve the equation for x. show each step of the solution. name the justifications for each step of the solutions.

UkoKoshka [18]

Answer:

What grade is this?

Step-by-step explanation:

7 0

3 years ago

Kindly solve ½=4/?, What's going to be the answer? Thank you

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Lia wants to find the sum of 17, 51, 10 and 13. Show two different ways that Lia could find the sum of these numbers.

Alekssandra [29.7K]

Since addition is commutative, she can add anyway she wants.
(17+51)+(10+13)
(51+10)+(17+13)
Hope this helps.

5 0

3 years ago