The rate that will double Lars deposit of $50 in 29 years will be calculated as follows:
Suppose the account used was using compound interest. Thus to determine his future value we shall use the formula:
FV=P(1+r)^n
where:
FV is future value
p=principle
r=rate
n=periods
from the information given
FV=$100
p=$50
n=29 years
we are required to find r
thus
100=50(1+r)^29
100/50=(1+r)^29
2=(1+r)^29
2^(1/29)=1+r
1.02419=1+r
hence:
r=0.02419~2.419%
I would say low over moderate.
It looks more low than moderate, do not know why the person who answered said moderate.
Answer:
I honestly have no clue what the answer is.
Step-by-step explanation:
I honestly have no clue what the answer is.
1) square root of 112 --> split into 2 radicals
2) square root of 16 and square root of 7
3) solve
answer: 4 square root 7
Answer:
Men: 18%
Women: 42%
Boys: 18%
Girls: 22%
Children: 40%
Step-by-step explanation:
