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,
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.
1/4 dividend by 5/13 is the same as
1/4 multiplied by 13/5 it’s inverse
1 x13 / 4x 5 = 13/20
Answer: See explanation
Step-by-step explanation:
Let the number of hamburger he ate on Monday be represented by x.
Monday = x
Tuesday = 0
Wednesday = x + 4
Thursday = 0
Friday = 3(x + 4)
Total hamburgers ate = 26
To find the amount of hamburger ate each day we add the number of hamburger ate per day all together. This will be:
= x + 0 + x + 4 + 0 + 3(x+4) = 26
2x + 4 + 3x + 12 = 26
5x + 16 = 26
5x = 26 - 16
5x = 10
x = 10/5
x = 2
Monday = x = 2 hamburgers
Tuesday = 0
Wednesday = x + 4 = 2 + 4 = 6 hamburgers
Thursday = 0
Friday = 3(x + 4) = 3(2 + 4) = 18 hamburgers
Answer:
Opposite the 60-degree angle.
Step-by-step explanation:
Answer:
tell martha to buy huwei matebook x 2020 , its a good one
Step-by-step explanation: