baleskacardona88 baleskacardona88
  • 26-04-2022
  • Mathematics
contestada

PLEASE HELP
Bobby invests $2500 and wants it to grow to $5000, what interest rate will double your money in 5 years? (round to nearest tenth - one decimal space)

Respuesta :

jsimpson11000 jsimpson11000
  • 27-04-2022

Answer:

14.9 %

Step-by-step explanation:

2  = double

2 = ( 1+ i)^5       i  = interest in decimal   5 = years

i = .149   = 14.9 %  

Answer Link

Otras preguntas

what is 5725 rounded to the nearest hundred
Which sentence contains an action verb? A. Her dog seems fierce. B. She was lazy last year. C. Mary works every day. D. Lynn is pretty.
A woman wants to send a framed photograph of her family to her parents.the frame is 10 in.long and 6 in . wide will the frame lay flat in a box that has a squar
10 fast facts about the way of life in the 1800's in the USA.
What was the goal behind many of the great roman engineering and artistic achievements?
Why would the isolation of Buddhist monks contribute to the religion’s decline?
x2+5x=-2x-12 solve for x
what is the value of the Underlined digit 506087 which 7 is the underlined digit
In what way did President Grant's approach to Reconstruction differ from that of President Johnson?
How did people in the Fertile Crescent adapt to their environment?