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

What is the range of the data below? 15, 19, 17, 17, 14, 13, 18, 21, 16, 14
what is a metaphor? a. a direct comparison between two unlike things b. a phrase that means the same thing as another phrase c. the main idea expressed in a poe
why was the free coinage of silver was to weak
the government protects the rights of inventors by issuing _____. copyrights patents trademarks user: knowledge that gives a producer an economic advantage over
How many mL of C16H34 are needed to react with 0.050 mol O2, assuming complete combustion occurs? The density of C16H34 is 0.80 g/mL.
what happens if the physics student is standing on ice
Kylie explained that (–4x + 9)2 will result in a difference of squares because (–4x + 9)2 = (–4x)2 + (9)2 = 16x2 + 81. Which statement best describes Kylie’s ex
why is it sometimes effective to refer to a known myth or work of art in the title of a literary work?
p minus p over 6 = p over three plus 2
Before transcription can occur and RNA can be built, the DNA must separate - A. between the phosphate groups B. behind the deoxyribose C. from the sugar-phosph