drzewostan8792 drzewostan8792
  • 01-08-2017
  • Business
contestada

The doubling time of the balance for a money market certificate of deposit (cd) is 25 years. by what factor does it grow in 40 years?

Respuesta :

peterdaly
peterdaly peterdaly
  • 07-08-2017
If the balance in a money market certificate of deposit doubles in 25 years then it has grown by 200%. For 40 years, that is 15 years more than the 25 so 15/25=0.6 x 200=120 %. Then a  weighted average of 25 x 200 and 15 x 120 gives 170% average growth. 
Answer Link

Otras preguntas

The coefficients in a balanced chemical equation represent (l ) the mass ratios of the substances in the reaction (2) the mole ratios of the substances in the r
What is the color of the indicator thymol blue in a solution that has a pH of 11? (1) red (3) pink (2) blue (4) yellow
Given the balanced ionic equation: 3Pb2+ + 2Cr ==> 3Pb + 2Cr3+ What is the number of moles of electrons gained by 3.0 moles of lead ions? (1) 5.0 mol (3)
Find the value of 15.0 Newton in pounds
Given the balanced ionic equation: 3Pb2+ + 2Cr ==> 3Pb + 2Cr3+ What is the number of moles of electrons gained by 3.0 moles of lead ions? (1) 5.0 mol (3)
Which compounds are classified as Arrhenius acids? (1) HCl and NaOH (2) HNO3 and NaCl (3) NH3 and H2CO3 (4) HBr and H2SO4
What is the capital of the United States?
Which element has atoms with the strongest attraction for electrons in a chemical bond? (1) chlorine (3) fluorine (2) nitrogen (4) oxygen
Which compound yields H + ions as the only positive ions in an aqueous solution? (1) KOH (3) CH3OH (2) NaOH (4) CH3COOH
Who is the Chief Justice of the United States now?