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

the staircase at the lighthouse tower has between 80 and 90 steps. if matt goes 2 steps at a time then 1 step is left at the end. If he goes 3 steps at a time then 2 steps are left. If he goes 4 steps at a time then 3 steps are left. How many steps are in the staircase?

Answers

Answer:

90

Step-by-step explanation:

start from the beginning, then if you go 2 steps at a time, then you have 1 step left over at the end, let's assume the length of the stair case is x, so then we will be going up 2/3x steps, and have 1/3 x steps left.

2/3 x = somewhere between 80 and 90, so that means it must be divisible by 3, so 81,84,87,90

3/5 x ==> only 90

Which statement about perfect cubes is true?

a:25 is a perfect cube because 25 = 5 + 5 + 5 + 5 + 5
30 is a perfect cube because 30 = 3 times 10
512 is a perfect cube because 512 = 8 times 8 times 8
1,875 is a perfect cube because 1,875=25 times 25 times 3

Answers

☆Answer : a.) false B.) false c.) True d.) false

V = s^3 = 8^3 = 512cm^3 True.

Answer:

every answer:

A

B

B

B

B D E

A

C

C

C

D

Step-by-step explanation:

i got 100% on Edg

HELPPPP PLS!! TY

Look at triangle ABC.

Coordinate grid shows negative 5 to positive 5 on the x axis and y axis at intervals of 1. A triangle ABC is shown with A at ordered pair 4, 5, B at ordered pair 1, 2, and C at ordered pair 4, 2.

What is the length of side AB of the triangle? (1 point)

Square root of 6

3

Square root of 18

6

Answers

Step-by-step explanation:

as you can see, the distance between 2 points can always be seen as the Hypotenuse or baseline of a right-angled triangle created by the differences of the x and y coordinates of both points.

the drawn triangle is nothing else than that.

to calculate the length of a side in such a triangle we need to use Pythagoras :

c² = a² + b²

c is the Hypotenuse of baseline of the triangle and is opposite of the 90 degree angle.

a and b are the legs of the triangle "enclosing" the 90 degree angle.

so, we have

AB² = AC² + BC²

AC and BC we know : the coordinate differences in x and y directions.

AC = (4, 5) to (4, 2). as the x coordinates are the same, the difference is just the difference in the y coordinates : 5-2 = 3.

BC = (1, 2) to (4, 2). as the y coordinates are the same, the difference is just the difference in the x coordinates : 5-1 = 3.

AB² = 3² + 3² = 9 + 9 = 18

AB = sqrt(18)

FYI : sqrt(18) = sqrt(9×2) = 3×sqrt(2)

Helppp plzzz I will mark brainliestttt

Answers

Answer:

therefore the correct option is Y-⅓-¾(×-4)

Step-by-step explanation:

Equal of a line

Y-⅓=m(×-×1)

Y-⅓=¾(×-4

Answer:

y -1/3 = 3/4( x-4)

Step-by-step explanation:

We can use the point slope form of an equation of a line

y-y1 = m(x-x1)

where m is the slope and (x1,y1) is a point on the line

y -1/3 = 3/4( x-4)

does anyone know how to do this? find the X,Z,Y

Answers

Sorry it’s a bit messy! If you have any questions just ask

What is the equation of the line from the graph?​

Answers

Answer:

y=3

Step-by-step explanation:

All points have the same y coordinate. Or

A line parallel to the x axis has slope 0, so it's y= 0x +3 that becomes y=3

Answer: Y=3

Step-by-step explanation:

please help me with this 2

Answers

6 1/8 is the answer….. I believe this is similar to your other question. In order to find the answer you need to multiply 4 units x 2 1/8
It’s like measuring but using a small rule unit hope it helped

What is the perimeter of this arrangement? ​

Answers

28 is the answer for your problem

Which expression represents the area of this figure in square feet?

Answers

Answer:

(3×2) + (3×4)

Step-by-step explanation:

One box's area is 3×2 and the other box's area is 3×4, so when you add them, you get the total area.

Find the minimum and maximum possible values for area of the garden

Answers

Answer:

Smallest: 12.8 square meters

Largest: 13.5 square meters

Step-by-step explanation:

I'm not 100% sure I understand this correctly as it seems like a very strange problem, but here it goes.

The smallest number that rounds to 3.2 is 3.15, and the smallest number that rounds to 4.1 is 4.05.

[tex]3.15*4.05=12.7575[/tex]

The smallest possible area is 12.8 rounded to the nearest 10th.

The largest number that rounds to 3.2 is 3.24999... and the largest that rounds to 4.1 is 4.14999...

[tex]3.24999*4.14999=13.4875[/tex]

That rounds to 13.5.

Please help ill mark brainlyst please

Answers

Answer:

x = 8°

y = 21°

Step-by-step explanation:

27 + 3y = 90

3y = 63

y = 21°

x + 8x + 18 = 90

9x = 72

x = 8°

Someone please help with this math question, it is not hard if you're good at math, but I'm on a test.

Answers

Answer:

3

Step-by-step explanation:

Midpoint means EF and FG are both 8 the whole thing is 19 so 19 - 16 = 3

HELP PLEASE !!!

Which angles are congruent
if RI ≅ IT, what angles are congruent? 1, 2, or 3?
*THERE SHOULD BE 2 ANSWERS*

Answers

the answer is 32 because it as shown it has 23 and 67

the angle 1 and 3 are congruey

Help!! Solve for X round to the nearest 10th

Answers

Step-by-step explanation:

remember : the sum of all angles in a triangle is always 180 degrees.

the law of sines :

a/sin(A) = b/sin(B) = c/sin(C) with the sides being always opposite of the angles.

so,

the opposite angle of x is

180 - 90 - 58 = 32 degrees.

x/sin(32) = 11/sin(58)

x = 11×sin(32)/sin(58) = 6.873562871...

rounded x = 6.9

The cost x of the Sennet family’s meal at a restaurant is $172.65, and they tip 20%. Write and use an equation to find the total cost y of the dinner.

Answers

Answer:

the answer would be 196.25

Step-by-step explanation:

hi can someone help me....can't get the answer.....you need to find a+b+c+d ​

Answers

Answer:

B) 306°

Step-by-step explanation:

1. Pentagons have a sum of interior angles of 540°

2. Triangles have a sum of interior angles of 180°

3. Knowing that triangle EFA is isosceles, we know that

   <FEA = *<FAE, so they are equal to:  (180° - <F) /2   =   (180° - 36°) / 2

   = 144° / 2  

   = 72°

4. m<A + m<B + m<C + m<D + m<E = 540°

   It is also given that **m<D = 90°,

   so therefore m<A + m<B + m<C + m<E = 450°

5. Now to find a+b+c+d   (m<a + m<b + m< c+ m<d),

       m<a = m<E - 72°    and    m<d = m<A - 72°

   This means that

   m<a + m<b + m< c+ m<d = (m<A - 72°) + m<B + m<C + (m<E - 72°) = 450°

6. Finally,

m<a + m<b + m< c+ m<d  =  450° - 72° - 72°  =  306°

       

   

EXTRAS

* < is an angle symbol

** m<D means measure of angle D

I NEED THIS ANWER (WILL GIVE BRAILIEST TO CERRECT)

Answers

Answer: I got 60d+115f

Step-by-step explanation:

Hope this helps.

Answer:

60d+115f

Step-by-step explanation:

if you were basically asking to simplify then this is your answer

The width of a rectangle is the length minus 4 units. The area of the rectangle is 12 units. What is the width, in units, of the rectangle?

Answers

Answer:

the width is 3

Step-by-step explanation:

you divide the 4 by 12

Answer:

2 units

Step-by-step explanation:

Area = Length × Width of a rectangle

If Length = L

Width = L-4

So 12 units = L×(L-4)

12 = L^2 -4L

L^2 -4L -12=0

Simplify this equation

L^2 + 2L -6L -12 = 0

L( L+2) - 6(L+2) = 0

(L+2) (L-6) = 0

L+2 =0 Or L-6=0

L=-2 Or L= +6

But L can't take a negative value

therefore L= 6

Now if we substitute and check,

L× (L-4) = 6×2=12 units

width = 6-4 =2 units

Rose spent 124 on 10 cars & 4 cats what is the cost for 1 car & 1 cat.

Answers

Answer:

$6 per cat, $10 per car

Step-by-step explanation:

I guess and checked my work.

plz answer this 20 points

Answers

A. |8| > |7|.

Explanation: These numbers are in absolute value. Therefore, the absolute value of -8 is actually 8, which makes it greater than the absolute value of 7 in this equation.

Answer number eleven and thirteen please

Answers

Answer:

Both are right triangles

Step-by-step explanation:

Use Pythagorean to decide

#11

Sides 12, 16, 20

12² + 16² = 20²400 = 400Right triangle#13

Sides 2.4, 4.5, 5.1

2.4² + 4.5² = 5.1²26.01 = 26.01Right triangle

Sam, the ranch cook, made sausage and bacon
for breakfast. Each cowboy could choose one
meat, and Sam had just enough. 3 of every 5
cowboys chose bacon. There are 60 cowboys.
How many chose bacon?

Answers

Answer:

36

Step-by-step explanation:

60 × 3 ÷ 5 that's basically it :))

36 out of 60 cowboys ahs chosen bacon over sausages.

What are ratio and proportion?

A ratio is a comparison between two similar quantities in simplest form.

Proportions are of two types one is the direct proportion in which if one quantity is increased by a constant k the other quantity will also be increased by the same constant k and vice versa.

In the case of inverse proportion if one quantity is increased by a constant k the quantity will decrease by the same constant k and vice versa.

Given, Sam, the ranch cook, made sausage and bacon for breakfast.

Each cowboy could choose one meat, and Sam had just enough.

3 of every 5.

Also given that there are 60 cowboys so no. of meat is also 60 as each cowboy could choose one meat.

If 3 of every 5 cowboys chosen meat then the no. of cowboys chosen meat is,

= (3/5)×60.

= 36 cowboys.

learn more about ratios here :

https://brainly.com/question/13419413

#SPJ2

Hector watched
1
4
of a movie in the morning, and he watched some more at night. By the end of the day, he still had
2
3
of the movie left to watch. How much of the movie did Hector watch at night?

Answers

Answer:

how watched 3/4 of the movie

Step-by-step explanation:

I know this because 2 is more then half of 3 and 3 is more then half of 4 so you can come to a conclusion that he watched a total of 3/4 and 2/4 at night.

P.S when ever using a fraction when typing like 1/4 instead of doing

1

4

do 1/4


Select the true statement about triangle ABC.

O A. sin A = cos B
O B. sin A = tan c
C. sin A= sin C
OD. sin A = cos C

Answers

Answer:

A=cos C

Step-by-step explanation:

mass–energy equivalence formulpa E

Given f(x) = x â’ 7 and g(x) = x2. Find g(f(4)). G(f(4)) =.

Answers

Answer:

g(f(4))=9 is the answer

The scale for a map to actual distance is 2 cm to 100 mi. The
driving distance on the map between Los Angeles and Las
Vegas is 6.2 cm. What is the actual distance, in miles,
between Los Angeles and Las Vegas?

Answers

Answer:

310 miles

Step-by-step explanation:

You can set up a proportion and solve for x.

2 6.2

___ = ___

100 x

Cross multiply

2x=6.2*100

Simplify

2x=620

Divide each side by 2

x=310

4(2-3x)=-2x-27
help plz

Answers

Answer:

x = 7/2

x = 3.5

x = 3 1/2

Step-by-step explanation:

Isolate the variable by dividing each side by factors that don't contain the variable.

(4x+2)(x-3)
Expand and simplify

Answers

[tex]\\ \sf\longmapsto (4x+2)(x-3)[/tex]

[tex]\\ \sf\longmapsto 4x(x-3)+2(x-3)[/tex]

[tex]\\ \sf\longmapsto 4x^2-12x+2x-6[/tex]

[tex]\\ \sf\longmapsto 4x^2-10x-6[/tex]

Answer:

Step-by-step explanation:

(4x + 2)(x - 3) =4x *(x -3) + 2*(x -3)

                    = 4x*x - 3*4x + x*2 - 3*2

                    = 4x² - 12x + 2x - 6   {Combine like terms}

                    = 4x² - 10x - 6

Solve the following system of equations graphically on the set of axes below.y= \frac{1}{4}x+5y=41​x+5y= -x-5y=−x−5

Answers

Answer:

b

Step-by-step explanation:

Triangle MNO is similar to triangle PRS. Find the measure of side RS. Round
answer to the nearest tenth if necessary. Figures are not drawn to scale.

Answers

NO=RS
the answer is x=3
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