A local bank is advertising that you can double your money in eight years if you invest with them. Suppose you have $1,000 to invest. What interest rate is the bank offering? Show both compound and simple.

Answers

Answer 1

a) The compound interest rate is 75%

b) The simple interest rate is 12.5%

What is the interest?

We know that the interest is the money that accrues to an investment that have been made. We know that we can be able to determine the simple interest by the use of the formula.

A = P(1 + r/n)^nt

A = amount

P = principal

r = rate

n = Number of times compounded

Then we have;

2(1000) = 1000(1 + r)^8

Where n = 1

2 =  (1 + r)^8

0.693 = 8 ln(1 + r)

e^0.693/8= (1 + r)

r = 1 - e^0.693/8

r = 0.75 or 75%

For the simple interest rate;

I = PRT/100

I = A - P

I = 2000 - 1000 = 1000

1000 = 1000 * R * 8/100

R = 1 * 100/8

R = 12.5%

Learn more about simple interest:https://brainly.com/question/25845758

#SPJ1


Related Questions

what is the value of x ??

Answers

Answer:

the answer ia A:8

Step-by-step explanation:

hope this helped :)

Answer:

it is b 12

Step-by-step explanation:

Benjamin bought a 3- pound bag of flour for 6.95. What is the unit price per ounce of flour? (1 pound =16 ounces)

Answers

Answer:

$0.145/ounce

Step-by-step explanation:

Find the unit price by dividing $6.95 by 3 pounds and then multiplying the result by (1 pound)/(16 oz):

$6.95     *    1 pound

------------------------------- = $0.145/ounce

(3 pounds) * (16 oz)

a woman is 5 times as old as her daughter in 15 years time to be two times as old as her daughter to find a mother's presentsage​

Answers

Answer:

25 years.

Step-by-step explanation:

Given that a woman is 5 times as old as her daughter, while in 15 years time it will be two times as old as her daughter, to find a mother's presents age the following calculation must be performed:

5 x 5 = 25

25 + 15 = 40

40/2 = 20

5 + 15 = 20

Thus, the present age of the mother is 25 years, while that of her daughter is 5 years, with which the mother is five times the age of her daughter. In 15 years, the mother will be 40 and her daughter 20, with which she will only be twice her age.

Jen rode her bike
1
5
of a mile to her friend's house. It took her 5 minutes to get there. What was Jen's speed?

Answers

Answer:

2.4 miles per hour

Step-by-step explanation:

1/5 of a mile is 0.2 miles. If 0.2 miles is 5 minutes, then 0.04 miles is 1 minute, as you divide 0.2 by 5. 0.04 miles per minute=2.4 miles per hour as you times 0.04 by 60.

Drag numbers to show which are closest to ‐1 and ‐14 on the number line.


A number line from negative 1 to 1 in fourths.

Closest to ‐1
Closest to ‐14

Answers

The closest number to -1 from the given options is -0.82

The closest number to -1/4 from the given options is -0.28

How to Interpret Number Lines?

A number line is a visual representation of numbers on a straight line. This number line is used to compare numbers that are placed at equal intervals on an infinite line that extends on both sides, horizontally or vertically.

Now, from the number line given we want to find the numbers that are closest to -1 and -1/4.

The closest number to -1 from the given options is -0.82

The closest number to -1/4 from the given options is -0.28

Read more about Number Lines at; https://brainly.com/question/4727909

#SPJ1

beslenmenin spor üzerindeki etgisi​

Answers

Answer:

enerji dengesi korunur. Dayanıklılık ve performans yüksektir.Sporda oluşan kas ağrıları minimizedir ve doğru beslenme ile egzersizde yaşanılan kas yıkımı

telafi edilebilir

24. Morgan and Natalie's heights can be
compared using a scale of 1.5 inch :2.5
inches. If Morgan is 36 inches tall, find Natalie's
height. Give your answer in feet.

Answers

natalie is 5 feet tall

The amount paid for different weights of oranges at a farmer's market are shown below (A) is the relationship between the price and the weight of the oranges proportional?

Answers

The amount paid for different weights of oranges at a farmer's market are shown below (A) is the relationship between the price and the weight of the oranges proportional?

Oranges (lb) Price ($)

2--------- $3

3--------- $4.50

5--------- $7.50

Answer:

proportional relationship. Exist

Step-by-step explanation:

To check for propottionality:

2 = 3k

Solve for k = constant of proportionality

2/3 = 3k/3

2/3 = k

Quantity at price = 4.50

Price * k = quantity

4.50 * 2/3 = 3

Quantity at price = 7.50

Price * k = quantity

7.50 * 2/3 = 5

Hence, proportional relationship. Exist

f(x)=3? What is the input value

Answers

Answer: (The explanation is in the image)

You might need to zoom in on it to see

what’s the slope_____

Answers

Answer:

-4

Step-by-step explanation:

The formula for finding the slope of a line is [tex]\frac{y_2-y_1}{x_2-x_1}[/tex] when the given points are [tex](x_1,y_1)[/tex] and [tex](x_2,y_2)[/tex]. We can take any two points given to us from the table and plug them into that expression. For example, we can use the points (0,0) and (2,-8).

[tex]\frac{y_2-y_1}{x_2-x_1}\\= \frac{-8-0}{2-0}\\= \frac{-8}{2}[/tex]

Simplify the fraction

[tex]= -4[/tex]

Therefore, the slope of the line is equal to -4.

I hope this helps!

The McMillians noticed that the amount of natural gas they use at their house each month is related to the average monthly temperature, as shown in this scatter plot. The slope of the line best fit -2.5 therms per degree. Which explains how the slope can be interpreted?
(PLEASE HELP ME, i don’t understand it!)

Answers

Answer:

Its B

Step-by-step explanation:

For each increase of 10° the amount of gas used is about 25 therms less

Two angles of an isosceles triangle are X and (X+10) .find two possible values of X.

Answers

Answer:

Step-by-step exp

X+x+(x+10)=180

3x+10=180

3x=180-170

x=56.666666degrees.

Case 2

x+(x+10)+(x+10)=180

3x+20=180

3x=160

X=53.333333

i hope the answer is help ful

When two angles of an isosceles triangle are given in the form of x, then the value of a single angle can have two possible outcomes those are:

X can be [tex]56.66^\circ[/tex]X can be [tex]53.33^\circ[/tex]

Given,

Two angles: X and [tex]\rm{X}+10[/tex]

As we know in an Isosceles triangle, the sum of all the angles is equal to[tex]180^\circ[/tex] and any of the two angles can be equal.

There can be two possible outcomes:

Case 1. When the two equal angles are X

[tex]\begin{aligned}\text{X}+\text{X}+(\text{X+10})&=180\\3\text{X}+10&=180\\3\text{X}&=180-10\\\text{X}&=\dfrac{170}{3}\\\text{X}&=56.66^\circ\end{aligned}[/tex]

Case 2: When the two equal angles are [tex]\rm{X}+10[/tex]

[tex]\begin{aligned}\text{X}+(\text{X}+10)+(\text{X}+10)&=180\\3\text{X}+20&=180\\3\text{X}&=180-20\\\text{X}&=\dfrac{160}{3}\\\text{X}&=53.33^\circ\end{aligned}[/tex]

Therefore, the two possible values of X can be [tex]56.66^\circ[/tex] and [tex]53.33^\circ[/tex]

To know more about the angles of the isosceles triangle, refer to the link:

https://brainly.com/question/12105959

The temperature ws 56 degrees this morning but dropped one degree per hour through
the rest of the day. Write an equation in slope intercept form to represent the situation.
O y = 5.50x + 20
O None of the other answers are correct
O y = 65x
O y = 60x + 300
O y = -x + 56

Answers

Answer:

y=-x+56

Step-by-step explanation:

A linear equation is an equation in which each term has at max one degree. The correct option is D, y = -x + 56.

What is a linear equation?

A linear equation is an equation in which each term has at max one degree. Linear equations in variables x and y can be written in the form,

y = mx + c

Linear equation with two variables, when graphed on the cartesian plane with axes of those variables, give a straight line.

Given that the temperature was 56 degrees this morning but dropped one degree per hour through the rest of the day. Therefore, an equation in slope intercept form to represent the temperature of the day at any given hour is,

y = 56 - x

y = -x + 56

Hence, the equation in slope intercept form to represent the temperature of the day at any given hour is y = -x + 56.

Learn more about Linear equations:

https://brainly.com/question/27465710

#SPJ5

Put the numbers in order from smallest to largest

-10,-1,0,10,1

Answers

Answer:

The order is (-10,-1,0,1,10)

Answer:

-10 -1 0 1 10

Step-by-step explanation:

as -10 is smaller than -1 is because the negative numbers keep getting smaller as they progress for example 1 and 10 which is bigger it is ofc 10 but I negative numbers its quite the opposite hope this helps

If x^{2} + y*sqrt{xy} = 10 and y^{2} + x*sqrt{xy} = 20, what is x?

Answers

Answer:

45

Step-by-step explanation:

If x and y are positive integers, what is the value of x√+y√x+y?

(1) x + y = 10

(2) xy−−√=2xy

A bakery made 1, 575 butter cookies. After arranging the cookies into packages, the bakery did not have any cookies left. How many cookies could have in each package? *
1 point
A. 6
B. 5
C. 9
D.4​

Answers

Answer:

B. 5 might be the answer.

Answer: Either B. 5 or C. 9

Explanation: Assuming there would be the same amount of cookies in each package, to see if they would all fit perfectly and there be no leftover cookies, simply divide 1,575 (the number of total cookies) by how many cookies could be in each package. If it comes out with "point something," then the numbers after the decimal point would be how many cookies will be leftover. 5 and 9 both end up with no decimal, so that's as much as I know.

Of the 600 sixth graders at Melville Middle School, 80% want more field trips. How many students want more trips?

Answers

Answer:

480

Step-by-step explanation:

I need help with math if you don't know the answer get out of the question and don't answer it and give the wrong answer or some link or even say "I don't know" or anything like that it's not fair to me cause it a waste of my points I will report your if you do that :) have a nice day and stay safe

Answers

Answer:

44 ounces

Step-by-step explanation:

Multiply

3 2/3 x 12

11/3 x 12 = 11 x 12 / 3 = 132/3

convert

44 ounces

Hope this helps ^-^

Find the missing side. Round to the nearest tenth.
55°
20
16.4
244
163
23.0

Answers

Answer:

16.4

Step-by-step explanation:

sin 55 = x/20

x = 20 sin 55 = 16.4

The answer is 16.4 hops this helps

does this table represent a liner or nonlinear function

Answers

Answer:Nonlinear

Step-by-step explanation:

The ratio is 1:8 meaning if you divide the second part by 8 it should get you the first part but 16/8 is 2 not 3 therefore it is not linear

Yall know how to do this?

Answers

Answer: no

80+ x+5 + x-5 =180

2x=100

x=50

so

80 and 55 and 45

Step-by-step explanation:

Answer:

Sean is incorrect.

Step-by-step explanation:

The interior angle of this triangle with the exterior angle of 80° is 100°, so the sum of the remaining angles should be 80°, which means (X + 5) + (X - 5) = 80. Take off the parenthesis, 2X = 80, which means X = 40°. This is where Sean's answer was wrong, he forgot that the remaining angles are X + 5 and X - 5 instead of X, which means that the angles in this triangle should actually be 100°, 45°, and 35°.

CAN YOU READ THIS AMD IF YOU CAN HELP ME!!!!! THIS CRAZY I NEED PROFESSIONAL!!!!!!!!!!!!!

Answers

Answer:

1.x=-3,-4

2.A

3.-3,-5

4.C

5.A

6.C

7.D

8.C

Step-by-step explanation:

8/9i+12=2/9i+34 (solve for i)

Answers

Answer: I=33

Step-by-step explanation: hope this help

Hai thinks there must be about 600 sprinkles on his donut. Hai starts by eating 25% of the donut. About how many sprinkles does he eat?​

Answers

He eats 150 sprinkles.

.25 is equal to 25%. .25 times 600 is 150.
You can verify this by multiplying 150 by 4.

Answer:

45

Step-by-step explanation:

This is the function f(x)= x2 − 4x + 6 .


What is the axis of symmetry?

Answers

Answer:

x = 2

Step-by-step explanation:

25×2,06 5,2×7,6
4,002×35 45,07×5,1
103×2,12 3,02×0,25
12,5×11 7,52×6,002

Answers

Answer:

25×2,06 5,2×7,6

4,002×35 45,07×5,1

103×2,12 3,02×0,25

12,5×11 7,52×6,002

Step-by-step explanation:

;lfk;dlj

Which is the graph of y = –|2x + 1|?
Group of answer choices

Answers

it should be the last one since it is the only one with the correct y intercept. i’m not 100% sure but i hope this helps :)

Answer:

The answer would be the third graph with the coordinates as: (0,-1), (1, -3)

Step-by-step explanation:

Hope this helps :))

-5, -5.2,5.5,-51/2,-5/2
Least to greatest

Answers

Answer:

-5 1/2,      -5.2,  -5,    -5/2,    5.5

Step-by-step explanation:

8.please help this is timed !!!

Answers

Answer:

X=4

Step-by-step explanation:

x+y=6

(+)x-y=2 (Add to get rid of y's)

2x=8

2x/2=8/2

x=4

5.

Write a rule for the linear function in the table.


A. f(x) = x – 4

B. f(x) = x – 5

C. f(x) = 3x

D. f(x) = x + 4

Answers

Answer: my answer.... A. f(x) = x - 4

Answer: all on brainly

f(x) = –4x is a function rule for the table.

Step-by-step explanation: all on brainly

f(x)=x-4 is the answer i believe

Answer :

The function is  

Step-by-step explanation:

Given values in table :

x        f(x)

3         -1

4          0

5          1

6          2

Here we see there is a difference of 4 in the values of x and f(x)

i.e. 3-(-1)=4

or 4-0=4

Similarly 5-1=4

6-2=4

So x-F(x)=4

Adding F(x) -4 both sides

x-F(x) +F(x) -4=4+F(x) -4

We have F(x)= x-4

Step-by-step explanation: someone's brainly answer

A. f(x) = x - 4

Other Questions
In order to advocate for others mental health, you must do all of the following except: Find the distance between the pair of points: (3,1) and (4,-5). How does a regressive taxation system work? A. It makes less wealthy citizens pay a higher percentage of theirincome in taxes.B. It makes all citizens pay the same percentage of their income intaxes.C. It requires all citizens to pay all of their income in taxes forredistribution.D. It makes wealthier citizens pay a higher percentage of theirincome in taxes.A .e Black stuff gown of traditional style with bag sleeves, the point facing forward. Can someone help me with these problems please having trouble and show work! Volume=Help me please thanks so much which words in this excerpt from macbeth represent the idea that duncans murder is a disruption of order When a motor vehicle strikes a tree while traveling at 40 mph, the unrestrained occupant:________. What is the term for the process of revising, editing, changing, and drafting the budget, or any other proposed bill, while in committee? What does the term recognizing clues refer to? Write out the balanced molecular equation for the neutralization of a solution of aqueous barium hydroxide with hydrochloric acid. Be sure to include phase labels in your equation The process of gathering information and deciding who should be hired, under legal guidelines, in the best interest of the organization and the individual is? Find the perimeter of each of these rectangles Consider the sequence Three-fourths, four-fifths, StartFraction 5 Over 6 EndFraction, StartFraction 6 Over 7 EndFraction, ellipsisWhich statement describes the sequence? 3/4, 4/5, 5/6, 6/7,...The sequence diverges.The sequence converges to 1.The sequence converges to .The sequence converges to . The relatively consistent blend of emotions, temperament, thought, and behavior that makes each person unique is called Multiple choice question. Benign ____________________ is an abnormal enlargement of the prostate gland that most often occurs in men older than age 50. Donald and Ronald are identical twins who have been raised apart in separate adoptive homes. Both brothers have developed the same psychological disorder. This information could be used as evidence to suggest that Please help meGiven the quadratic function, describe in words the transformations and thenprovide a sketch of the graph.y = 1/(x+4) - 7 which of the following units is used to indicate mass More blood vessels are stimulated to ______ more than ______ because blood vessels contain more ______ receptors than ______ receptors.