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

Roberto took a standardized test and was told that he was in the 63rd percentile of the distribution. Which of the following statements is true? O Roberto's lo
I need helpp PLEASE it’s already one day late
five characteristics of present society ?
2(3+4m)-9=45 how would I solve this?​
Nama three collinear poins
What leadership quality do the mayor’s actions demonstrate? collaboration time-management skills effective communicating following others
The noble-gas notation for tin (Sn) will contain the symbol O [Ar]. O [Kr]. O [Xe]. O [Rn].
do you think the hispanic category should be returned to the race question? why or why not?
AP CSP - Write a program that takes 10 random numbers from 1 to 12 inclusively and averages them together.Here is the code I wrote: (Python)print(random() * 12
cuantos grupos sociales hay?