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.
Answer:
99.7% of customers have to wait between 8 minutes to 30 minutes for their food.
Step-by-step explanation:
We are given the following in the question:
Mean, μ = 18 minutes
Standard Deviation, σ = 4 minutes
We are given that the distribution of amount of time is a bell shaped distribution that is a normal distribution.
Empirical Formula:
- Almost all the data lies within three standard deviation from the mean for a normally distributed data.
- About 68% of data lies within one standard deviation from the mean.
- About 95% of data lies within two standard deviations of the mean.
- About 99.7% of data lies within three standard deviation of the mean.
Thus, 99.7% of the customers have to wait:

Thus, 99.7% of customers have to wait between 8 minutes to 30 minutes for their food.
4-3<9
5-3<9
6-3<9
and so on...
Answer:
Donda
Step-by-step explanation:
Answer:
You stopped at 2y-4=12
If we add same number to both sides the equation will remain true. For example if we have 5=5, and we add 7 to both sides, we get 12=12 which is also true. Now let's do this with our equation. Add 4 to both sides(to have only y on the left side). We get 2y=16, hence y=8.
Answer. 2y=16