GoldenSun GoldenSun

11-03-2017
Mathematics

contestada

A bank says you can double your money in 10 years if you put $1000 in a simple interest account. What annual interest rate does the bank pay?

Respuesta :

Aliwohaish12 Aliwohaish12

11-03-2017

2p=p(1+10r)
2=1+10r
1=10r
R=1/10=0.1*100=10%

Answer Link

Otras preguntas

Match the items with each other. a. I reset the fuses and the light still doesn't come on. b. A fuse must have blown c. The tight butt may be dead, d. The el

Calculate the Accounts Payable balance. (Enter the balance, along with a "Bal." reference on the correct side of the T-account.) Accounts Payable May 2 7,50

For each hour he babysits, Anderson earns $1 more than half of Carey's hourly rate. Anderson earns $6 per hour. Which equation can be used to solve for Carey's

Berta’s teacher, Ms. Rose Harper tells her class that when sixty consecutive odd integers are added together, their sum is 4800 and asks the class to determine

help help help help help help help help help help help

Margo is picking up 600 -ohm resistors for a physics project . (Ohms are the units used to measure circuit resistance.) The package guarantees that the actual r

How long will it take for a home improvement loan for 22,800to earn interest of 608.00at 8 %ordinary interest

HELPP ME PLEASE Ezra thinks building a series of forts to protect the colonists in Virginia's frontier is a good idea. He is likely a _ Select the best answer

Una persona que trabaja 10 horas por semana: Your answer: A) es un empleado que trabaja mucho B) es un empleado de tiempo completo C) es un empleado de tiempo p

Excerpt:Image: Kintsugi is a Japanese art form that involves repairing broken pottery by using adhesive mixed with gold, silver, or copper. This shiny material