GoldenSun GoldenSun

11-03-2017
Mathematics

Answered

A bank says you can double your money in 10 years if you put $1000 in a simple interest account. What annual interest rate does the bank pay?

Verified Answer :

Aliwohaish12 Aliwohaish12

11-03-2017

2p=p(1+10r)
2=1+10r
1=10r
R=1/10=0.1*100=10%

Answer Link

Related Questions

On a coordinate plane the vertices of a rectangle are 21 31 14 and 34 what is the perimeter of the rectangle

How does the placement of toxic sites affect property values in the area

HELP Worth a lot of points Physics question

Misty bought 3 CDS the country music CD cost 12 The rock music CD cost 23 as much as the country music Cd The platinum edition Cd cost twice as much as the rock

Why might the Koryu dynasty have promoted a civil service system based on Confucian principles abecause Confucius valued virtue for both rulers and citizens bbe

a real car is moving at 10 kmh has more momentum than a toy car moving at the same rate because

The equation below shows the relationship between the temperature in degrees Celsius C and degrees Fahrenheit F C 5 over 9F 32 Which of the following formulas c

l what is 67000 rounded to the nearest ten thousand

How did the United States acquire the Louisiana Territory a the US defeated French forces and gained the area c the US defeated Spanish forces and gained the ar

Where did the Civil War begin A Gettysburg B Fort Sumter C Appomattox D Manassas

Web Analytics