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:
3x - 11
Step-by-step explanation:
x + 5/ 3x-11
3x - 11 is the quotient
The correct is 40 hope I helped
Answer:

Step-by-step explanation:
<u>Slope-intercept </u><u>form</u>
y= mx +c, where m is the slope and c is the y-intercept
Line p: y= -8x +6
slope= -8
The product of the slopes of perpendicular lines is -1. Let the slope of line q be m.
m(-8)= -1
m= -1 ÷(-8)
m= ⅛
Substitute m= ⅛ into the equation:
y= ⅛x +c
To find the value of c, substitute a pair of coordinates that the line passes through into the equation.
When x= 2, y= -2,
-2= ⅛(2) +c



Thus, the equation of line q is
.
Answer:
y ≈ 32.0°
Step-by-step explanation:
Since the triangle is right use the sine ratio to find y
sin y =
=
, thus
y =
(
) ≈ 32.0° ( nearest tenth )