baleskacardona88 baleskacardona88
  • 26-04-2022
  • Mathematics
contestada

PLEASE HELP
Bobby invests $2500 and wants it to grow to $5000, what interest rate will double your money in 5 years? (round to nearest tenth - one decimal space)

Respuesta :

jsimpson11000 jsimpson11000
  • 27-04-2022

Answer:

14.9 %

Step-by-step explanation:

2  = double

2 = ( 1+ i)^5       i  = interest in decimal   5 = years

i = .149   = 14.9 %  

Answer Link

Otras preguntas

How do you write 20,484,163 in expanded form?
solve: 5/6x-2x+4/3=5/3
What is the ratio 3:4 of 21?
Please help me anyone ?????
Is 0 a real number?
Puritans believed that salvation depended on...
What is the subject and verb in this sentence? Listen carefully to all directions.
Which principle provides for a system in which the government derives its power from the governed?
Count by tens and ones to find the sum of 36+28 Use the number line to show you thinking
what is the definition for human geography?