The Rule of 72 is a shortcut method to find the number of years to double your investment. This is only an estimation. This can be done by dividing 72 by the annual interest rate.
However, you are given a nominal rate since it is compounded annually. Let's convert this by this equation:
annual rate = (1+i/m)^m - 1, where m is the number of periods in a year. Thus, m=2
annual rate = (1 + 0.065/2)^2 -1 = 6.61%
Applying Rule of 72,
72 ÷ 6.61% = 10.89
This is where I found a problem. The answer here just directly divided 72 by 6.5% which will equal to 11.1 years. This is not accurate, since the given interest is compounded semi-annually. That is not an annual interest rate.
Nevertheless, the answer is still close to letter A.) 11.1 years.
Answer:
thanks i guess
Step-by-step explanation:
Scientific notation can be scary but it really is simple
the exponent after the 10 is how many places you move the decimal. If it is positive you move it right, if it negative you move it left
2 x 10^2 means you move the decimal place right twice to make 200
4 x 10^-3 means you move the decimal place left three times to make .004
The question is asking you to multiply 900000 and .0000006
Answer:
A and E
Step-by-step explanation:
A is already given by the basic fact that DE = FG. this makes the 2 lines automatically also congruent.
but this does not tell us anything about EF.
E and F could be very close together or far apart, and still DE = FG can be true in either case.
and that is why B, C and D could be true, but they are not in all cases true, and therefore these statements are in general false.
