How long does it take $450 to double at a simple interest rate of 100%?
Question:
How long does it take $450 to double at a simple interest rate of 100%?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
Answer Given Amount A Double of Principle 2450 900 Principa...View the full answer
Answered By
Nehal Alam
I love teaching complex concepts in fun and easy manner, this makes learning smooth and remembered for a longer time. I have experience of giving offline tutions. Making students learn and understand topics gives me immense happiness and a sense of satisfaction. In short, I want to make a positive impact on my student's life by passing on the knowledge I have accumulated over the years.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
How long does it take $450 to double at a simple interest rate of 14%?
-
The time it would take for money to double at a simple interest rate of 5% per year is closest to: (a) 10 years (b) 12 years (c) 15 years (d ) 20 years
-
(a) At a simple interest rate of 12% per year, determine how long it will take $5000 to increase to twice as much. (b) Compare the time it will take to double if the rate is 20% per year simple...
-
Christina is trying to save money in her bank account. She decides that she can deposit $1000 each month into the account. The account earns 2.3% interest each month. How much money will be in the...
-
In the binomial options pricing model, what is the hedge ratio?
-
Two sound waves in air have frequencies that differ by a factor of five. What is the ratio of their wavelengths?
-
P 14-6 Remeasurement worksheet Phi, a U.S. firm, acquired 100 percent of Stus outstanding stock at book value on January 1, 2016, for $112,000. Stu is a New Zealandbased company, and its functional...
-
A taxpayer is about to receive a $ 1,000 bonus payment from his employer. He would like to put this bonus into a retirement account. He has come to you for advice as to whether he should put the $...
-
I am having issues with incorrect values Absorption and Variable Costing Comparisons: Sales Exceed Production Wright Development purchases, develops, and sells commercial building sites. As the sites...
-
Identify three strong reasons why some MS victims might elect to participate in NARCOMS while most do not. You are a member of a highly successful advertising agency whose CEO suffers from MS. She...
-
Tom wants to have $50,000 saved sometime in the future. How much must he deposit every month into an account that pays 1.45% interest, compounded monthly? Use a graphing calculator to graph the...
-
Find the interest earned on a $25,000 deposit for 2 years at 4.7% interest, compounded continuously. Round to the nearest cent.
-
Discuss why it is important to study matter.
-
A displacement of 32 cm east is followed by displacements of 48 cm east and then 64cm west. What is the total displacement? At 3:00 p.m. a car is located 20 km south of its starting point. One hour...
-
Consider the following Demand curve for Uber Rides: Q = = 120 - 4p Suppose that the Supply Curve is perfectly elastic at a price of $20 per unit. 11. Draw both the Supply and Demand functions with Q...
-
You've decided to build a radio to listen to your favourite FM radio station, which broadcasts at 101.5 MHz. For the tuner, you'll be using an RLC circuit, but the only inductor you happen to have on...
-
You are the lead buyer for a large healthcare organization in British Columbia and have been tasked with leading the procurement of a new CAT Scan Machine. Outline four steps to prepare and call a...
-
A circuit is composed of a coil having N turns and area A. Its leads are connected to a combination of resistors, as shown in (Figure 1). All three resistors have the same resistance R. The coil is...
-
Find the solution of the following initial value problems. y(t) = 3/t + 6; y(1) = 8
-
Which internal control principle is especially diffi cult for small organizations to implement? Why?
-
The market value of Christine and Gene's home is $275,000. The assessed value is $230,000. The annul property tax rate is $17.50 per $1,000 assessed value. a. What is the property tax on their home?...
-
Jim is taking out a $135,000 mortgage. His bank offers him an APR of 6.25%. He wants to compare monthly payments on a 20 and a 30 year loan. Find, to the nearest dollar, the difference in the monthly...
-
Explain how the quote can be interpreted?
-
The rate of return on Cherry Jalopies, Inc., stock over the last five years was 14 percent, 11 percent, 4 percent, 3 percent, and 7 percent. What is the geometric return for Cherry Jalopies, Inc.?
-
U.S. GAAP specifies all of the following characteristics of variable interest entities except: A. Equity holders hold less than 5% of the entitys voting stock. B. Equity holders do not have voting...
-
Rank the following three stocks by their risk-return relationship, best to worst. Night Ryder has an average return of 10 percent and standard deviation of 27 percent. The average return and standard...
Study smarter with the SolutionInn App