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At what rate will $150 double itself in 14 years? do I solve this?
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need to know how to solve this problem At what ratae will 150 double itself in 14 years?
Top answer:
First use the rule of 72 to get an approximation: N=72/14= 5.1 % The real calculation is:
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1) initial investment = $600
annual % rate = ? time to double = ? amount after 10 years = $19,205.00 19,205 = 600e^(10r) I do not
Top answer:
To solve for the annual interest rate (r) and the time it takes to double an investment, you can use
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1) initial investment = $600
annual % rate = ? time to double = ? amount after 10 years = $19,205.00 19,205 = 600e^(10r) I do not
Top answer:
That looks like a misprint, but if the investment really increased that fast, 19,205 = 600 (1 +
Read more.
1) initial investment = $600
annual % rate = ? time to double = ? amount after 10 years = $19,205.00 19,205 = 600e^(10r) I do not
Top answer:
To solve for the annual percentage rate (r) or the time it takes for an investment to double, you
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Determine the amount of time it would take for an investment to double if interest is earned at a rate of 3.75% compounded
Top answer:
For those wondering, the correct answers to these questions were actually 18.48 and 2.7 respectively
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In many years time will a some of money quintuple at a rate of 4% per annum compounded quarterly?
Top answer:
P=Po(1+r)^n = 5Po Po = Initial investment. r = (4%/4)/100% = 0.01=Quarterly % rate. n = The number
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Suppose you wnat to purchase a house for 650,000. much of the loan would be left after 10 years if the interest rate was 3.8 %
Top answer:
Nevermind, do not answer this question, I figured it out myself.
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Plz help me to solve
In how many years will the money deposited in a bank double itself,if the rate of intrest 12 1/2% per annum?
Top answer:
if compound interest, (1+.125)^x = 2 x = 5.88 years 6 years to obtain the interest.
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How long will it take for prices in the economy to double at a 6% annual inflation rate? Round to the nearest hundredth.
A) 10.24
Top answer:
answered below
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How old are some of the oldest dinosaur fossils?
150 years old 150 million years old 150 billion years old 150,000 years old
Top answer:
The correct answer is 150 million years old.
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