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.
5x + 5x +3x (like terms)
13x-60=180
180+60=240
240/13=18.4615
X=18.4615
I hope this is correct.
(There are so many different ways to do math problems like this) I hope I could help... sorry if I didn’t.
Answer:

Step-by-step explanation:
Based on the given conditions, formulate: 
Convert decimal to fraction:
Divide a fraction by multiplying its reciprocal:
Cross out the common factor: 
Calculate the product or quotient: 
get the result: 
Answer: 
Answer:
Step-by-step explanation:
Volume of a right circular cone can be found using the equation
where
- r is the radius of the cone
- h is the height of the cone
- pi is the π constant
Since r=4ft, we can model the volume of the water in the cone in terms of the height as
=
So if 18 plus 1/4 of the number is the number the means 18 is 3/4 of the number so 18 divided by 3 is 6 so 1/4 = 6 now add 6 to 18 to get 4/4 of the number which is 24 number = 24