how many years to double investment if interest rate is .10%

Answers

Answer 1

Answer:

How the Rule of 72 Works. For example, the Rule of 72 states that $1 invested at an annual fixed interest rate of 10% would take 7.2 years ((72/10) = 7.2) to grow to $2. In reality, a 10% investment will take 7.3 years to double ((1.107.3 = 2). The Rule of 72 is reasonably accurate for low rates of return.

Step-by-step explanation:

For example, if you invest $10,000 at 10 percent compound interest, then the “Rule of 72” states that in 7.2 years you will have $20,000. You divide 72 by 10 percent to get the time it takes for your money to double. The “Rule of 72” is a rule of thumb that gives approximate results


Related Questions

HELP PLSSSSSSSSS !!!

Answers

I have no idea what that is sorry

A brownie recipe calls for 1/3 cups of water, 1/4 cup of cocoa powder, and 1 cup of flour. How many cups are needed to double this recipe?

Answers

Answer:

1/3 x 2 = 2/3

1/4 x 2 = 2/4 or 1/2

1 x 2 = 2

2/3 + 1/2 + 2 = 3 1/6 cups

Step-by-step explanation:

help please and thanks

Answers

answer:
i’m not sure but i’m pretty sure that it’s
b and c

The diameter of a circle is 8 feet. What is the radius?

Answers

3 inches if you think abt it. :/

Maria said that 40% of her family's tomato plants produced tomatoes this year. They had 70 tomato plants. How many plants produced tomatoes

Answers

Answer:

28 plants

Step-by-step explanation:

40% of 70 = 28

Mariana is making a large pot of pasta. She mixes together
5
1
8
pounds of pasta,
6
pounds of sauce, and
4
7
8
pounds of onions.

To find out how many
1
2
pound servings can she make, which two equations would you need?

A.
5
1
8
+
4
7
8
+
6
=
16
B.
5
1
8
+
4
7
8

6
=
4
C.
4
÷
1
2
=
8
D.
16
÷
1
2
=
32
E.
16
×
1
2
=
8

Answers

Answer:

516137

Step-by-step explanation:

21412

Answer:

42

Step-by-step explanation:

Answer All 5 and I will give you brainliest

Answers

Answer: Number 1 is B  Number 2 is D Number 3 is C  Number 4 is D Number 5 is A

Step-by-step explanation:

Write an inequality to represent the situation: A theater rents their space for $250 per night. If the company charges $8 per ticket, then what is the least number of tickets that must be sold in order to make a profit? PLEASE HELP! This is due tomorrow!

Answers

Answer: 32 tickets

Step-by-step explanation:

Since the theater rents their space for $250 per night and the company charges $8 per ticket, the least number of tickets that must be sold in order to make a profit will be:

= ($250/8)

= 31 1/4

The number gotten above is the number that'll bring about an Equilibrium. To make a profit the company must sell at least 32 tickets

Jonah has a piece of string that is 70 inches long. He cuts the string into 6 equal pleces. How many Inches long is each piece of string?

Answers

If you do 70 divided by 6 it will equal 11.66666666666667

Which is a better estimate for the volume of a paper cup?
A. 12 tablespoons
B. 12 gallons

Answers

12 tablespoons is best for the volume of a paper cup have a good day!

Jamie can take one of three different buses to and from school (bus A, B, and C). She randomly catches one bus in the morning and another one on the way home. This gave lists the same space of outcomes.

A. BB
B. AB
C. BC
D. AA

Answers

The outcome will be included in the event rides bus A only one way will be AB. Then the correct option is B.

The complete question is attached below.

What are sample?

A sample is a group of clearly specified components. The number of items in a finite sample is denoted by a curly bracket.

Jamie can take one of three different buses to and from school (bus A, B, and C).

She randomly catches one bus in the morning and another one on the way home.

This gave lists the same space of outcomes.

Then the outcome will be included in the event rides bus A only one way will be AB.

Then the correct option is B.

More about the sample link is given below.

https://brainly.com/question/350477

#SPJ1

Please hurry!!!
Find m_c. Round the answer to the nearest hundredth.
A. 0.85°
B. 41.11°
C. 48.89°
D. undefined

Answers

Answer:

Sine = Opposite/Hypotenuse

Sine^-1 = 55/73

Angle = 48.89

Let me know if this helps!

ASAP HELP PLEASE PLEASE

Answers

Answer:

2079

Step-by-step explanation:

is the correct answer 2079

The choir raised $700 last year. This year they hope to raise 42% more money.
How much money do they hope to raise this year?

Answers

Answer:

994

Step-by-step explanation:

If the choir raised $700, and they plan to make 42% more, what you have yo do is divide 700 by 100, which will bring you to 7$ is 1% of 700. Then, you must multiple 7 by 42 (which is 294). Finally, you need to add 294 to 700, which will bring you to 994 total dollars ($) raised by the choir this year.


[tex]x - 9 = \frac{3}{5}x[/tex]
please explain how you got the answer ​

Answers

x - 9 = 3/5x
*multiply by 5*
5x - 45 = 3x
2x = 45
x = 45/2
x = 22,5
The answer the person gave u is right

A restaurant bill came to food total of $50 you want to leave a 20% tip for the server how much is the total bill

Answers

Answer:

20 percent of 50 is 10

Step-by-step explanation:

I THINK THATS IT I DONT REALLY KNOW

Answer:

$50×.20=10 50+10=$60 the total is $60

4/15 simplified
I need help explain in the answer (so I get how to simplify it)

Answers

4/5 is already in the simplest form but it can be written as 0.8 in decimal form

____________________________________________

To get the decimal

divided 4 by 5

which = 0.8

_______________

Hope this helps!

-Lexi

An African fire ant is 8/8 inches long. An American fire ant is 2/10 inches long. What Is the difference in the length of ants? Options: 2/3, 17/40 , 7/18 , 8/20

Answers

Answer:

8/20

Step-by-step explanation:

Using the information given, select the statement that can deduce the line segments to be parallel. If there are none, then select none.

When m1 = m6
none

Answers

Answer:

ab//dc

Step-by-step explanation:

When m1 = mB

ab//dc

ad//bc

or

none

What is the area of a map of a state park that is 16 in by 20 in?

Answers

16*20= 320

Your answer is 320 in

You have the same bowl, with 5 orange, 6 blue, 3 green, 4 red and 7 yellow candies. You take out an orange candy from the bowl. What is the new probability that you will draw another orange candy?

Answers

Answer:

9% chance

Step-by-step explanation:

hope this helps.

Name the part of the given expression that is asked. What is "20" in the expression: 7x - 15y + 20

Answers

Answer:

y value

Step-by-step explanation:

Which answer is correct?

9= 4 + 5 and 9 = 2 +7
9 = 5 + 5 and 9 = 6 + 4
9=6+3 and 9 = 7+1
9 = 5 + 3 and 9 = 6 +2

Answers

Answer:

9=4+5, 9=7+2, 9=6+3 are correct

Step-by-step explanation:

4/9 x 3/8 =

help please ​

Answers

Answer:

1/6

Step-by-step explanation:

Answer:

0.16666666

repeated

or≈0.17

Step-by-step explanation:

What is the solution to 5x+8−x=3(x+2)
I need the answer by the end of the day plz

Answers

Step-by-step explanation:

5x+8-x=3x+6

5x-x-3x=-8+6

4x-3x= -2

1x= -2

Therefore,LHS is not equal to RHS

Anthony got a shipment of various box sets of albums, but
he doesn't have enough room on his shelves for all of
them. The box sets measure 1 inch, 0.5 inch,
1 inch, 0.5 inch, ž inch, 1
inch, and 1.5 inches. He can only display box sets that
are less than Şinch.

Answers

I’m not really sure but try adding everything you listed together to get your answe

Answer:

ccccccc

Step-by-step explanation:

The diameter of a circle is 34 yards. What is the circle's circumference?

Answers

The circumference is 106.76.
C = dπ
Circumference is diameter times pi(pi equals 3.14)
34 x 3.14 = 106.76

Answer:

106.76

Step-by-step explanation:

i got it correct

Find the probability for the spinner

Answers

A. 1/8 B. 7/8 C. 4/8

what is the square root of 87 (round to the tenths place)

Answers

Answer:

I think it is 9.33 because the full answer is 9.327 so rounded it would be 9.33??

Please help me I need all the help I could get ASAP!

Answers

Answer:

The missing value is 10

Step-by-step explanation:

hope this helps, BRAINLIEST PLZ?

Answer:

Step-by-step explanation:

t/9=2/3

t=18/3

t=6 that is for the blank in the truck row

Now we can say

6/9=30/c

6c=9(30)

6c=270

c=45 so this is the missing value in the cars row

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