Ellie wants double her savings of £9000 by investing her money for 18 years what interest rate does she need to look for?
Answers
She need a interest rate of 5.56%
Your wealth increases more quickly due to compound interest. Due to the fact that you will receive returns on both the money you invest and returns at the conclusion of each compounding period, it causes a sum of money to increase more quickly than with simple interest. As a result, you won't need to save as much money to achieve your objectives.
What are the 3 types of compound interest?Formula for Monthly Compound Interest. 12 times a year are used to calculate interest that is compounded monthly.Formula for Quarterly Compounding. Four times a year are used to calculate interest that is compounded quarterly.Formula for Daily Compound Interest.Formula for Annual Compound Interest.We are aware that A = P(1+rt), where A represents the Final Investment Value, is the simple interest formula.
P denotes the principal amount to be invested, r the interest rate, and t the number of time periods.
The formula for this issue is t = 18 Years, p = £90,000.
A = £9000 *2 => £18000\sr = ?
Fill in the appropriate values in the formula above to find 18000 = 9000(1+18r).
18r = 2 - 1\sr = 1/18\sr = 0.0555555556
Extend 0.0556
Ratio conversion: r = 0.0556 * 100 = 5.56%
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She need a interest rate of 5.56% .Your wealth increases more quickly due to compound interest.
What are the 3 types of compound interest?Formula for Monthly Compound Interest. 12 times a year are used to calculate interest that is compounded monthly.
Formula for Quarterly Compounding. Four times a year are used to calculate interest that is compounded quarterly.
Formula for Daily Compound Interest.
Formula for Annual Compound Interest.
We are aware that A = P(1+rt), where A represents the Final Investment Value, is the simple interest formula.
P denotes the principal amount to be invested, r the interest rate, and t the number of time periods.
The formula for this issue is t = 18 Years, p = £90,000.
A = £9000 *2 => £18000\sr =
Fill in the appropriate values in the formula above to find 18000 = 9000(1+18r).
18r = 2 - 1\sr = 1/18\sr
= 0.0555555556
Extend 0.0556
Ratio conversion: r = 0.0556 * 100 = 5.56%
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Related Questions
1/4×1/12 ÷ 1 page = blank
1page
Answers
Answer:
0.02083333333
write each percent as a fraction and
as a decimal.
7/100%
I NEED THIS BY 2:30PM
Answers
7/100% can be written as a fraction as 7/100, and as a decimal as 0.07.
[tex]\huge\text{Hey there!}[/tex]
[tex]\mathsf{\dfrac{7}{100}\%}[/tex]
[tex]\mathsf{= \dfrac{7}{100} \div 100}[/tex]
[tex]\mathsf{= \dfrac{7}{100}\times \dfrac{1}{100}}[/tex]
[tex]\mathsf{= \dfrac{7(1)}{100(100)}}[/tex]
[tex]\mathsf{= \dfrac{7}{1,000}}[/tex]
[tex]\mathsf{= 0.0007}[/tex]
[tex]\huge\text{Therefore, your answer should be:}[/tex]
[tex]\huge\boxed{\mathsf{\dfrac{7}{1,000} \ \& \ 0.0007}}\huge\checkmark[/tex]
[tex]\huge\text{Good luck on your assignment \& enjoy your day!}[/tex]
~[tex]\frak{Amphitrite1040:)}[/tex]
Given the trapezoid PQRS …. Please i need help ASAP.
Answers
Someone answer this no wrong answers begs I’ll give thanks and brainliest
Answers
Answer:
660
Step-by-step explanation:
I need help in this?!!!!!!!!!!!!!!!
Answers
Answer:
B (2,-3) A (7,-8)
Step-by-step explanation:
they are just the same points but in the negative side of the x-axis
Which shape is NOT a trapezoid? I
Answers
Answer:
a shape that is not a trapezoid is a a square or a triangle
Step-by-step explanation:
) If x, x+10 makes a right angle, find them.
Answers
Answer:
x+x+10=90 being Right angle triangle.
2x=90-10
2x=80
x =40
then x+10= 40 + 10
= 50
Which ordered pair represents the solution to the system of linear equations?
Answers
Answer:
0,2
Step-by-step explanation:
because because it crosses the x-axis line only one time
To be eligible for the swim team, the mean pace a student needs to achieve on 5 laps of the pool is 60 seconds (s). The student swims a lap in 63 s, 62 s, 65 s, and 58 s on her first four laps.
What is the maximum time (in seconds) that she can take on her last lap and still make the team?
Answers
52s is the maximum time that she can take on her last lap and still make the team.
What is Statistics?Statistics is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data.
Given that he mean pace a student needs to achieve on 5 laps of the pool is 60 seconds (s).
The student swims a lap in 63 s, 62 s, 65 s, and 58 s on her first four laps.
We need to find the maximum time (in seconds) that she can take on her last lap and still make the team
Let x be the maximum time (in seconds) that she can take on her last lap
60=(63+62+65+58+x)/5
300=63+62+65+58+x
300=248+x
Subtract 248 on both sides
300-248=x
x=52s
Hence, 52s is the maximum time that she can take on her last lap and still make the team.
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Match each expression on the left with an equivalent expression on the right. Some answer choices on the right will not be used.
3
16
0.85
100
0.425
0.375
3
4
0.316
0.38
40
김
20
0.1875
Answers
We have mapped the correct equivalent expressions.
3/16 ⇒ 0.1875
0.85 ⇒ 17/20.
3/8 ⇒ 0.375.
0.425 ⇒ 17/40.
What is the equivalent expression?
An equivalent expression is a mathematical expression that has the same value as another expression but is written differently. Equivalent expressions can be obtained by using the properties of arithmetic such as the commutative, associative, and distributive laws.
3/16 can be described as 0.1875
0.85 can be described as 17/20.
3/8 can be described as 0.375.
0.425 can be described as 17/40.
Hence, we have mapped the correct equivalent expressions.
3/16 ⇒ 0.1875
0.85 ⇒ 17/20.
3/8 ⇒ 0.375.
0.425 ⇒ 17/40.
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Malia signed up for a gym membership 14 weeks after Jane.
Let a represent the number of weeks Malia has been a member and b represent
the number of weeks Jane has been a member.
Find the value of b when a = 9.
Answers
When Malia joined a gym 14 weeks after Jane did, the value of b was 5.
What does "proportional relationship" mean?Relationships between two variables where their ratios are equal are known as proportional relationships. The fact that one variable is always a constant value multiplied by the other in a proportionate connection is another way to conceive of them.
What is a good illustration of an unproportional relationship?A car's fuel capacity and efficiency, as well as how far it can go on a single charge of its electric battery, are important considerations. A nonproportional connection can be used to describe this.
a + b = 14
9 + b = 14
b = 14-9 = 5
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Find the median.
68.4, 57.6, 72.3, 105, 82.9, 120.3
Answers
Answer:
Median=
77.6
by-step explanation:
- Elaina <3
hope this help ;)
1010101010101010010101001010100101100101010+40
Answers
Answer:
1.010101e+42
Step-by-step explanation:
Answer:
1010101010101010010101001010100101100101050
Step-by-step explanation:
1010101010101010010101001010100101100101010+40=1010101010101010010101001010100101100101050
I don’t understand this ssshh
Answers
After evaluating the given expressions the results could be 245 / 89 , 43/6, 33/4 .
What is expression ?
expression can be defined as with the minimum of two variables or numbers and at least one math operation.
Given that ,
7/ 8 * 14 / (3/8 * 6 ) + 2 1/5
= (7/8 * 14 )/ ((18 / 8) + 11/5)
= (98/ 8 ) / (90 + 88) / 40
= (98/ 8 ) / (178/ 40)
= (98 * 40) / (8* 78)
= 245/89
Hence the final value could be 245/53.
7/ 8 + (6*7/8 - 4 * 3/16 ) / (3/4 )
(7/8 + (21/4 - 3/4 ) ) / (3/4)
(7/8 + 18/4) / (3/4)
(43/8) / (3/4)
43/6
Hence the final value could be 43/6.
3 1/7 * (3 1/3 * (2/3 + 1/6 ) - 5/18 ) / 2 (3/7)
11/7 * (10/6 - 5/18) / (17/7)
(11/7 )* (27/ 18) /( 17/7)
(11* 27/18 )/ (17)
33/34.
Hence the final value could be 33/34.
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Please help me with this
Answers
Answer:
Heads has 3 branches - Blue, Yellow, Red
Tails has 3 branches - Blue, Yellow, Red
Step-by-step explanation:
Sample Space:
H/B
H/Y
H/R
T/B
T/Y
T/R
H/B
H/Y
H/R
6 possible outcomes
with a 5% sale discount the price of an item is $38 what was the original price
Answers
Answer:
[tex]38 \div5 \\ [/tex]
can anybody help me please :(
Answers
Answer:
A, D, C, B
Step-by-step explanation:
A = 3/4 + 5/4 = 8/4 = 4
B = 7/4 + 5/2
= LCM of 4 and 2 = 8
= 14/8 + 20/8 = 34/8 =17/4
C = 4/3 + 5/3 = 9/3 = 3
D = 11/3 - 4/3 = 7/3
A=4, B=17/4, C=3, D=7/3
LCM of 4 and 3 is = 12
= 16/12, 51/12, 36/12, 28/12
Sorry if I am wrong :)
Answer:
A=4, B=17/4, C=3, D=7/3
Step-by-step explanation:
Which TRANSFORMATION is represented by
this rule? Circle one below:
(x, y) - (x+3, y - 7)
Translation, Rotation, Dilation, or Reflection
I’ll give you 20 points
Answers
9514 1404 393
Answer:
Translation
Step-by-step explanation:
When constant values are added to x and/or y, the result is translation.
Please help me this is timed
Answers
Answer:
118
Step-by-step explanation:
Answer: 118
Step-by-step explanation:
4(5)^2+3(6)
4(25)+3(6)
100+3(6)
100+18
118
Is there anyone who can help with this Statistic assignment?
Choose a topic for you survey.
Determine and write 5 relevant questions to include in your survey.
* Write 2 flawed survey questions and identify what makes each one flawed. Then rewrite each question so it is no longer flawed.
*Write 3 survey questions that are not flawed.
Choose and describe an appropriate sampling method and explain why this method was chosen and how it will ensure an unbiased sample.
Answers
Answer:
The difference between a flawed and non-flawed survey question is usually bias; you don't want the question to seem like it's leading the reader to any one answer, it should be worded neutrally. The best method to find non-biased samples is to select your samples randomly.
What’s (3 , 1)reflected over the x-axis
Answers
Answer:
(3,-1)
Step-by-step explanation: because all you have to do is reflect it over the x-axis
Jose rode his bike for 18 miles in one hour.
Which graph best represents y, the number of
miles a Jose can travel in x hours?
Thors
Distance
Need H
Answers
Use the rectangular prism to answer the question.
Choose all the expressions that can be used to find the volume of the rectangular prism.
A 12 +12
OD 6 + 8 + 12
B 16 +16
E 6 + 6 + 6 + 6
C. 8+8+8
Answers
Answer:
Step-by-step explanation:
E
Please help me solve this
-show you work
Answers
Answer:
Download Photo math for help, it works really well and it shows the work.
What is the length x of a diagonal support, to the nearest tenth of a foot?
CORRECT ANSWER
PROVIDE EXPLANATION
Answers
The length of x of a diagonal support is 13.8 feet.
What is the hypotenuse of a triangle.The hypotenuse of a triangle is the length of the longest side of the triangle. So that it is always opposite to the measure of the largest angle of a triangle.
In the question given, divide the length of the footbridge into 2 parts.
So that,
Half of the footbridge = 25/ 2
= 12.5 ft
So that applying the appropriate trigonometric function to determine the value of x using any of the congruent triangles. We have;
Sin θ = opposite/ hypotenuse
Sin 65 = 12.5/ x
x = 12.5/ Sin 65
= 12.5/ 0.90631
x = 13.792 feet
The length x of a diagonal support is 13.8 feet.
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complete the square to find the vertex of this parabola x^2 + 14x-y-14=0
Answers
Answer:
(-7,-63)
Step-by-step explanation:
A scuba diver is swimming 20 feet below the surface of the water. His wife is
swimming 6 feet above him. What is the elevation of his wife, relative to the
surface of the water? *
26 feet
14 feet
- 14 feet
- 26 feet
Answers
20-6= 14 ft!
Identify the slope and y-intercept of the line given by the equation: y = 1/3x - 2
Answers
Answer:
this is in the form of slope intercept. y = mx + b
m is the slope
and b is the y intercept
meaning that -2 is the y intercept
and 1/3 is the slope
(meaning on a graph you go up one, and over 3)
Step-by-step explanation:
s/4 +5=13
How do i solve thissssssss
Answers
[tex]\dfrac{s}{4} +5=13[/tex]
Simplify:
[tex]\dfrac{1}{4} s+5=13[/tex]
Subtract 5 from both sides:
[tex]\dfrac{1}{4} s+5-5=13-5[/tex]
[tex]\dfrac{1}{4} s=8[/tex]
Multiply both sides by 4:
[tex]4\times(\dfrac{1}{4} s)=4\times(8)[/tex]
[tex]\fbox{s = 32}[/tex]
s = 32.
Step-by-step explanation:1. Write the expression.[tex]\frac{s}{4} +5=13[/tex]
2. Subtract 5 from both sides of the equation.[tex]\frac{s}{4} +5-5=13-5\\ \\\frac{s}{4} =8[/tex]
3. Multiply by "4" on both sides of the equation.[tex]\frac{s}{4}*4 =8*4\\ \\s=32[/tex]
4. Verify.If the result is correct, then the equation should return the same value of both sides of the equal symbol (=) when we substitute the variable "s" by it's calculated value, 32.
[tex]\frac{(32)}{4} +5=13\\ \\8+5=13\\ \\13=13[/tex]
As you can tell, the same number appears on both sides of the equal symbol, this means that the result is correct!
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3 ratios that are equivalent to 15/40
Answers
Answer:
3.8 ,6.16 , 9.24
Step-by-step explanation: