SameirJ617791 SameirJ617791
  • 03-11-2022
  • Mathematics
contestada

Determine the interest rate capitalized once in a year which can triple any amount in 6 years

Respuesta :

NallelyX511623 NallelyX511623
  • 03-11-2022

ANSWER

interest rate = 20%

EXPLANATION

let P = x, A = 3x, t = 6 and R = ?

[tex]A\text{ = P}\ast(1+R)^t[/tex]

[tex]\begin{gathered} 3x=x(1+R)^6 \\ 3=(1+R)^6 \\ 1+R=3^{\frac{1}{6}} \\ 1+R\text{ = 1.2} \\ R\text{ = 1.2 - 1} \\ R\text{ = 0.2} \\ R\text{ = 20\%} \end{gathered}[/tex]

Answer Link

Otras preguntas

(b) we often read that iq scores for large populations are centered at 100. what percent of these 78 students have scores above 100? (round your answer to one d
when evaluating a source, what questions should you ask about the publisher
what are the most common student injuries in the chemistry lab and how can they be prevented
4.07 Litre+1 1/5 litre+0.1litre= milliltrecan someone help me?
Kimberlee feels distressed when she sees poverty. to reduce her own feeling of distress, she works tirelessly in a homeless shelter to help those who are not as
what is the square root of 4 multiplied by 16
How to solve question
Write an expression for the following statement(s), and then list each operation present (make sure you define any variables used). A record company earns 25% o
These reactions can also be reversed, breaking the large molecules into its individual molecules. what substance would need to be added in order to reverse the
nyatakan 3 per 10 dalam perpuluhan