What annual rate of interest compounded annually is required to double an investment in 6 years?

Answers

Answer 1

Answer:

Approximately 12.25%

Step-by-step explanation:

The compound interest formula is:

Final balance = Principal * (1 + interest rate/number of times interest compounded per year)^(number of times interest compounded per year * years elapsed)

If we want our final balance to be twice our principal, our formula looks like:

[tex]2P = P * (1 + \frac{r}{1})^{1*6}[/tex]

We can divide our principal from both sides to get the following equation:

[tex]2 = (1 + \frac{r}{1})^{6}[/tex]

Since anything divided by 1 is itself, we can simplify a little further to:

[tex]2 = (1 + r)^{6}[/tex]

Now, we need to solve for r.  We can start by taking the sixth root of both sides.

[tex]\sqrt[6]{2} = 1 + r[/tex]

Then subtract 1 from both sides:

[tex]\sqrt[6]{2} -1 = r[/tex]

Finally, we can use a calculator to get a decimal approximation:

0.1225 ≅ r


Related Questions

find the equation of the line passing through (3,-6) with the gradient of -1/2​

Answers

Answer:

2y+x+9=0

Step-by-step explanation:

eqn is given by

[tex]m = \frac{y - y1}{x - x1} [/tex]

given

[tex] - \frac{1}{2} \: as \: m[/tex]

and

[tex]{3 \: and \: - 6} \: as \: x \: and \: y \: respectively[/tex]

subtitute values into the formula

[tex] - \frac{1}{2} = \frac{y - - 6}{x - 3} [/tex]

cross multiply giving

[tex] - 1{x - 3}= 2{y + 6[/tex]

[tex] - x + 3 = 2y + 12 \\ 2y + 12 + x - 3 = 0 \\ 2y + x + 9 = 0[/tex]

(-7/10 + 0.15) ➗ (-0.125)
Plz show step by step

Answers

Answer:

4.4

Step-by-step explanation:

(-7/10 + 0.15) ➗ (-0.125)

=> (-0.7 + 0.15) ➗ (-0.125)

=> (-0.70 + 0.15) ➗ (-0.125)

=> (-0.55) ➗ (-0.125)

=>(-0.550) ➗ (-0.125)

=> -0.550 ➗ -0.125  [Negative-Negative cancels]

=> 0.550 ➗ 0.125

=> 4.4

hihii who knows the answer to this question??

Answers

X times 2+11
Explaination me smart

Part A

x = some unknown number

2x = doubling that number

2x+11 = adding on eleven

Answer:   2x+11 = 25

=============================================================

Part B

If we knew what x was, then we can compute 2x+11 using the order of operations PEMDAS. Because x is unknown, we follow PEMDAS in reverse to isolate x.

So we'll undo the addition first by subtracting 11 from both sides. Then we undo the multiplication by dividing both sides by 2.

2x+11 = 25

2x+11-11 = 25-11 ..... subtract 11 from both sides

2x = 14

2x/2 = 14/2 ...... divide both sides by 2

x = 7

The number the person thought of was 7. Double 7 to get 14. Add on eleven to get 14+11 = 25.

Answer:  x = 7

Suppose that 11% of people own dogs. If you pick two people at random, what is the probability that they both own a dog

Answers

Twenty two percentage

the ratio of adult to children in the spot club is 5:3 There are 120 people in the club. how many children are there​

Answers

Answer:

5:3=8

3/8 x 120

3/1 x 15

3 x 15=45

Step-by-step explanation:

hope this helps

sorry

You start by making an equation:

3x+5x=120

Then combine like terms

8x=120

Divide 8 by both sides

x=15

Now that we have that we can figure out how many children and adults there are

Children: 3x15=45 children
Adults: 5x15=75 adults

Also, you can type this in your calculator for a faster method

Children : 120 x(3/8) =45
because eight is the sum of the ratio 5+3

And Adults : 120 x(5/8)=75

So the answer to your question is 45 children.

Hope this helps!!!

Name the corresponding angles

Answers

Answer:

Falta otro triangulo para poder realizar la operacion

Step-by-step explanation:

It’s B C hope that helps

which is the largest ratio? 5/36, 2:9, 3 to 18, 1:3

Answers

→ 12 is largest here. Therefore, we can conclude that, → (12/36) = (1/3) = 1 : 3 is the largest ratio.

If one ream of bond paper costs (3x -4) pesos. How many reams can you buy for ( 6x4 -17x3 +24x2- 34x + 24) pesos?

Answers

Answer:

1 ream = (3x - 4) pesos

Price of n reams = (6x^4-17x^3+24x^2 34x+24) pesos

Solution:(pic1)

number of reams 3x-4

By using synthetic division,

3x-4=0

3x=4

x=4/3

6 -17 24 -34 24 | 4/3

8-12 16-24

6 -9 12-18 0

Final equation is:(pic2)

Graph the triangle with the given vertices. Find the length of the hypotenuse of the triangle. Assume a is a positive number.

X(0,0)

Y(a,2)

Z(a,0)

Answers

X(0,0)Y(a,2)

[tex]\\ \sf\longmapsto XY=\sqrt{x^2+y^2}[/tex]

[tex]\\ \sf\longmapsto XY=\sqrt{a^2+2^2}[/tex]

[tex]\\ \sf\longmapsto XY=\sqrt{a^2+4}[/tex]

[tex]\\ \sf\longmapsto XY=2+a[/tex]

slope = -5/2,y-int=2

Answers

Answer:

Step-by-step explanation:

The equation of this line is:

y = -5/2 x + 2.

help........................................................

Answers

Answer:

64 by 16 feet

is 6,8,10 a pythagorem theorem? pls help me due rn

Answers

Answer:

Should be

Step-by-step explanation:

Answer: Yes

Step-by-step explanation:

Using the formula a^2+b^2=c^2, take the square of 6 (6x6=36) and 8 (8x8=64) and add them together to get the square of 10 (10x10=100) 64+36 does equal 100. Remember that the biggest number is c and the two sides a and b have to add to get c.

PLEASE HELP IT’S DUE TMR!!

Answers

Answer:

see below

Step-by-step explanation:

just reduce to 3 digits before the decimal place and count how many are behind the decimal for what power the 10 is, not including numbers that were already behind the decimal

a. 107.92*10^2

b. 376.932*10^0

c. 998.461*10^3

Answer:

When rounding significant figures the standard rules of rounding numbers apply, except that non-significant digits to the left of the decimal are replaced with zeros.

Step-by-step explanation:

(a) 10792 ≈ 10800

(b) 376.932 ≈ 377

(c) 998461 ≈ 998000

parallel perpendicular or neither

Answers

Answer: perpendicular

Step-by-step explanation: an opposite reciprocal makes it perpendicular.

example

1/2 and -2 are opposite reciprocals

1/2 and 1/2 are parallel

1/2 and -4/3 are neither

Answer:

The answer is perpendicular

Terry buys an orange for 18p. He pays with a £1 coin. How much change does he get?

Answers

Answer:

57p

Step-by-step explanation:

so 1 pound is just 1.00 so

1.00-0.43=0.57

so terry will get 57p change

what is the value of x?
a)
[tex]2 \sqrt{10} [/tex]
b)
[tex]2 \sqrt{2} [/tex]
c)
[tex]2 \sqrt{5} [/tex]
d)
[tex]2 \sqrt{3} [/tex]

Answers

Answer:

A

Step-by-step explanation:

using pythagoras theorem

h²=p²+b²

need help please 100 pts

Answers

Pretty sure it’s B

Hope this helps

Answer:

b)

Step-by-step explanation:

there were 230 leprechauns in school this year last year there were 175 leprechauns what is the percent change in the number of leprechauns.​

Answers

Answer:

0.55%

Step-by-step explanation:

230÷100=2.30%

175÷100=1.75%

2.30-1.75=0.55%

I think ‍♂️

What is 9% as a fraction or mixed number in simplest form?

Answers

Answer:

9/100

Step-by-step explanation:

9×100 = 9/100 I think

Need help with this ASAP I’ll mark brainliest

Answers

Answer:

A' (9, - 1 )

Step-by-step explanation:

Using the translation rule

(x, y ) → (x + 6, y - 3 ) , then

A (3, 2 ) → A' (3 + 6, 2 - 3 ) → A' (9, - 1 )

pls i only have 1 minute left hurry

Answers

Answer:

look at the picture i have sent

3
Choose the option(s) that will show the effect (x-2. y+3) has on the figure?
left 2 units
down 2 units
down 3 units
up 2 units
right 3 units
left 3 units
up 3 units
right 2 units
Hiii!!! Can some one please help meee!!! I will give you a lot of points!!!

Answers

Answer:

left 2 units, up 3 units

Step-by-step explanation:

(x-2, y+3)

-2 means 2 to the left

+3 means 3 up

So it would be left 2 units, up 3 units.

Answer:

left 2 units up 3 units

Step-by-step explanation:

Rule:

If  x+b   right in b units

if  x-b    left   in b untits

if  y+b    up   in  b units

if  y-b  down in  b  units

You don 't have to use this rule if you know that on the Ox axis the line goes horizontally (the abscissa axis); And on the Oy axis vertically (the ordinate axis)

Then :

x-2    left in 2 units

y+3   up  in  3 units

Find the number that makes the ratio equivalent to 2:5.

Answers

Answer:

Answer: The fractions equivalent to 2/5 are 4/10, 6/15, 8/20, etc.

pls help

The volume of a soap bubble is 62.3mm^3 Find the radius and diameter of the soap bubble. Use 3.14 for pie.
The radius of the bubble is about mm.
​(Round to the nearest tenth as​ needed.)

Answers

Answer:

what is the radius of 2

Step-by-step explanation:

HELP I WILL GIVE BRAINLEST

Answers

Step-by-step explanation:

smallest value 30° largest value 150°.

Answer:

30, 150

Step-by-step explanation:

sin θ = 1 / 2

sin 30 = 1 / 2

θ = 30

So,

the smallest value of θ is 30.

sin ( 180 - 30 ) = sin 150 = 1 / 2

So,

the larger value of θ = 150.

1.2192 rounded to the nearest hundred

Answers

Answer:

1.22

Step-by-step explanation:

The center of an inscribed circle is
formed by the construction of which
three segments?

Angle bisectors
Vertice
Perpendicular bisectors
Circumcenters

Answers

Answer:

Angle bisectors, Perpendicular bisectors, and Circumcenters

Find an equation of the circle whose diameter has endpoints (1,1) and (-5,-3) .

Answers

Answer:

(x+2)^2 + (y+1)^2 =13

Step-by-step explanation:

What does Point P on the number line represent? (Use the hyphen for negative numbers, such as −9) Number line from negative 8 to positive 8 in increments of 1 is shown. Only the even numbers are labeled. A point labeled P is placed at the seventh tick mark to the left of 0. Numerical Answers Expected!

Answers

Answer:

-7

Step-by-step explanation:

there are 16 increments in total, and half are labeled

so the answer is -7 because if the increments are 1 and it is left of zero, so do 7*-1 because it is to the left

Answer:

-7

Step-by-step explanation:

I NEED HELP please help

Answers

Answer:

1. 2/5, 2. -1. 3. 5/2, 4. 1, 5. 1/5, 6. -4/3, 7. 1/3, 8. -1/10

Step-by-step explanation:

1-3: the formula for slope is (y2 - y1)/(x2 - x1) for points (x1, y1) and (x2, y2)

1. we have points (-2, -1) and (3,1) ,plug these into the formula to get (1-(-1))/(3-(-2)) = (1+1)/(3+2) = 2/5 so the slope is 2/5

2. we have points (-3, 2) and (2, -3): (-3-2)/(2-(-3)) = -5/5 = -1

3. (-1, -2) (1,3): (3-(-2))/(1-(-1)) = 5/2

4-6: you can use the same formula

4: (1,0) (3,2): (2-0)/(3-1) = 2/2 = 1

5. (8,0) ( 13, 1) (1-0)/(13-8) = 1/5

6. (2, -1) ( 5, -5) (-5+1)/(5-2) = -4/3

7-8: slope= rise/run

7. rise=8, run=24, 8/24=1/3

8. rise=-100, run=1000, slope= -100/1000 = -1/10

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