ttmhelper ttmhelper

07-03-2016
Mathematics

Answered

A bank says you can double your money in 10 years if you put $1,000 in a simple interest account. What annual interest rate does the bank pay?

Verified Answer :

07-03-2016

If your money doubles in 10 years, then the interest it earned
in 10 years is 100% of the amount you invested.

If the interest is simple interest, then they paid

(100%/10 years) = 10% per year .

Answer Link

Related Questions

All officers or persons in the military or naval service of the United States are prohibited from employing any of the forces under their respective commands fo

The Sun 1 Sara has made this list to summarize what she learned in science class today 1 Core 2 Radiation zone 3 Convection zone What is the best title for her

All living organisms begin the breakdown of their food by the Krebs cycle glycolysis photosynthesis the Calvin cycle

Elizabeth has 14 boxes of cookies each box has 28 cookies how many cookies does she have

smooth stepwise movement within a melodic phrase the subphrase or statement is known as motionA conjunctB tonalC chordalD harmonic

The CRISPER system consists ofa an enzyme that cuts and a guide RNAb an enzyme that cuts and a guide DNAc an enzyme and a primerd a guide RNA and a primer

All are true of the importance of Vitamin C to athletes EXCEPT that it helps repair broken down muscle tissue plays a role in iron absorption is a source of ene

Are the underlined words in the sentence an independent clause a subordinate clause or neither Is that the man whom we read about yesterday A neither B subordin

The sum of two positive numbers is 55 times their difference What is the ratio of the larger number to the smaller number

Write an equivalent fraction 1150 33

Web Analytics