Calculus Calc Rate Of Interest
Annual Rate Of Interest Lara S. Follow • 1 Add
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Mark M. answered • 12/03/20 Tutor 5.0 (244) Mathematics Teacher - NCLB Highly Qualified About this tutor › About this tutor › 2 = (1 + r)12 12√2 = 1 + r 1.059463094 ≈ 1 + r 0.059463094 ≈ r Upvote • 1 Downvote Add comment More Report Still looking for help? Get the right answer, fast.Ask a question for free Get a free answer to a quick problem. ORFind an Online Tutor Now Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.
ProblemWhat rate of interest compounded annually is requ…Get the answer to your homework problem. Try Numerade free for 7 days Input your name and email to request the answer Numerade Educator Numerade Educator Like Report Problem 1 Problem 2 Problem 3 Problem 4 Problem 5 Problem 6 Problem 7 Problem 8 Problem 9 Problem 10 Problem 11 Problem 12 Problem 13 Problem 14 Problem 15 Problem 16 Problem 17 Problem 18 Problem 19 Problem 20 Problem 21 Problem 22 Problem 23 Problem 24 Problem 25 Problem 26 Problem 27 Problem 28 Problem 29 Problem 30 Problem 31 Problem 32 Problem 33 Problem 34 Problem 35 Problem 36 Problem 37 Problem 38 Problem 39 Problem 40 Problem 41 Problem 42 Problem 43 Problem 44 Problem 45 Problem 46 Problem 47 Problem 48 Problem 49 Problem 50 Problem 51 Problem 52 Problem 53 Problem 54 Problem 55 Problem 56 Problem 57 Problem 58 Problem 59 Problem 60 Problem 61 Problem 62 Problem 63 Problem 64 Problem 65 Problem 66 Problem 67 Problem 68 Problem 69 Problem 70 Problem 71 Problem 72 Problem 73 Problem 74 Problem 75 Problem 31 Easy DifficultyAnswer25.992% Related CoursesAlgebra
Precalculus
Chapter 5 Exponential and Logarithmic Functions
Section 7 Financial Models Related TopicsFunctions Exponential and Logarithmic Functions DiscussionYou must be signed in to discuss. Top Algebra Educators
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01:43 Function Notation - Example 1 In mathematics, a function is a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output. An example is the function that relates each real number x to its square x^2. The output of a function f corresponding to an input x is denoted by f(x).
03:18 Function Notation - Example 2 In mathematics, a function is a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output. An example is the function that relates each real number x to its square x^2. The output of a function f corresponding to an input x is denoted by f(x). Join Course Recommended Videos01:47 What rate of interest comp… 02:21 What rate of interest comp… 02:27 What rate of interest comp… 02:07 What rate of interest comp… 02:09 What rate of interest comp… 01:59 What rate of interest comp… Watch More Solved Questions in Chapter 5Problem 1 Problem 2 Problem 3 Problem 4 Problem 5 Problem 6 Problem 7 Problem 8 Problem 9 Problem 10 Problem 11 Problem 12 Problem 13 Problem 14 Problem 15 Problem 16 Problem 17 Problem 18 Problem 19 Problem 20 Problem 21 Problem 22 Problem 23 Problem 24 Problem 25 Problem 26 Problem 27 Problem 28 Problem 29 Problem 30 Problem 31 Problem 32 Problem 33 Problem 34 Problem 35 Problem 36 Problem 37 Problem 38 Problem 39 Problem 40 Problem 41 Problem 42 Problem 43 Problem 44 Problem 45 Problem 46 Problem 47 Problem 48 Problem 49 Problem 50 Problem 51 Problem 52 Problem 53 Problem 54 Problem 55 Problem 56 Problem 57 Problem 58 Problem 59 Problem 60 Problem 61 Problem 62 Problem 63 Problem 64 Problem 65 Problem 66 Problem 67 Problem 68 Problem 69 Problem 70 Problem 71 Problem 72 Problem 73 Problem 74 Problem 75 Video TranscriptNo transcript available Get More Help with this Textbook
Michael SullivanPrecalculus View More Answers From This Book Find Another Textbook Related TopicsFunctions Exponential and Logarithmic Functions
Top Algebra Educators
Grace HeNumerade Educator
Catherine RossMissouri State University
Anna Marie VagnozziCampbell University
Kayleah TsaiHarvey Mudd College Algebra CoursesLectures
01:43 Function Notation - Example 1 In mathematics, a function is a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output. An example is the function that relates each real number x to its square x^2. The output of a function f corresponding to an input x is denoted by f(x).
03:18 Function Notation - Example 2 In mathematics, a function is a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output. An example is the function that relates each real number x to its square x^2. The output of a function f corresponding to an input x is denoted by f(x). Join Course Recommended Videos01:47 What rate of interest compounded annually is required to double an investment i… 02:21 What rate of interest compounded annually is required to double an investment i… 02:27 What rate of interest compounded annually is required to double an investment i… 02:07 What rate of interest compounded annually is required to triple an investment i… 02:09 What rate of interest compounded annually is required to triple an investment i… 01:59 What rate of interest compounded annually is required to triple an investment i… Additional Mathematics Questions01:47 what is the largest 4 digit number which when divided by 11 leaves remainder… 01:16 One acute angle of a right triangle is 12 more than twice the other acute an… 00:55 Ashu studied 4 hours. 3 hours and 3 hours on three consecutive days for his … 02:17 the breadth of a rectanglular garden is 2/3 of its length. if its perimeter …
01:31 13. Without actual division, show that rational 17 number is a terminating d… 01:56 5. If alpha and Beta are the zeroes of the quadratic polynomial p(x) = x ^ 2… 03:40 B. 1. School children in New Delhi collected 85325 for flood affected people… 01:00 11. The perimeter of a rectangle is 120 cm. and it length is 40 cm. Find the… 03:14 triangular park is constructed in rectangular field of 80*40m . If the lengt… 01:40 5 c) −13Q 2. Which of the following is a false statement?a) a ÷ b is a ratio… What rate of interest compounded annually is required to double investment in 3 years?Answer and Explanation:
The expression for the compound interest. Substitute the known values. Thus, the interest rate should be 41.42%.
How long will it take for an investment to double at 3 per year?To use the rule, divide 72 by the investment return (the interest rate your money will earn). The answer will tell you the number of years it will take to double your money. For example: If your money is in a savings account earning 3% a year, it will take 24 years to double your money (72 / 3 = 24).
What rate of interest compounded annually is required to double an investment in 6 years?You can also run it backwards: if you want to double your money in six years, just divide 6 into 72 to find that it will require an interest rate of about 12 percent.
What rate of interest compounded annually is required to double an investment in 5 years?Calculator Use
For example if you wanted to double an investment in 5 years, divide 72 by 5 to learn that you'll need to earn 14.4% interest annually on your investment for 5 years: 14.4 × 5 = 72. The Rule of 72 is a simplified version of the more involved compound interest calculation.
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What rate of interest compounded annually is required to double an investment in 3 years
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