Question: Is this some kind of mind trick riddle or what lol!
<h3>
<em>Answer:</em></h3><h2>
<em>No</em></h2>
<em>4</em><em> </em><em>1</em><em>/</em><em>2</em><em> </em><em>times </em><em>2</em><em> </em><em>3</em><em>/</em><em>4</em><em> </em><em>does </em><em>not </em><em>equals </em><em>to </em><em>1</em><em>1</em><em> </em><em> </em><em>1</em><em>1</em><em>/</em><em>4</em><em>8</em><em>.</em>
<em>It </em><em>actually</em><em> </em><em>equals </em><em>to </em><em>1</em><em>2</em><em> </em><em>3</em><em>/</em><em>8</em>
<em>hope </em><em>it</em><em> </em><em>helps</em>
<em>Good </em><em>luck</em><em> on</em><em> your</em><em> assignment</em>
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.
Step-by-step explanation:
if you are solving for X' it is X=4
Answer:
Slopem=74
As a decimal:
m = 1.75
Step-by-step explanation: