1 answer:
The rate of interest required to achieve the conditions set forth is 7.1773%.
<h3>What is the interest rate?</h3>
The interest rate is the rate at which the investment increases. The formula that can be used to determine interest rate is:
g = (FV / PV)^(1/N) - 1
Where:
- FV = future value = $32,000
- PV = present value = $8000
- n = number of years
4^(1/20) - 1 = 7.1773%
To learn more about interest rate, please check: brainly.com/question/26164549
You might be interested in
Answer:
8 ft
Step-by-step explanation:
Answer:
sorry but I don't know the answer
Step-by-step explanation:
please follow up with me
You need to know what the distance jesse traveled is and then the number of gallons of gas she has then you plug it it.
distance equals 15 times the amount of gas in gallons
d=15g
Is this equation in degrees? What's the formula?