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Transcribed Image Text:Table 2 P m i t C b)- а). 2,000 Semi- c) 2 d). e) - - - - annually 2,800 f)_ quarterly g) h)_ P 500| j)- 5 yrs and 6 months i)- _ 5,000 Legend: P – principal amount; r – nominal rate; I - interest compounded; m – frequency of conversions in a year; i – interest rate per period; t – time in years; n – total number of conversions; I. - compound interest; C – the compound amount - Transcribed Image Text:At what simple interest rate will an amount of money double itself in 10 years? Expert Solution Students who’ve seen this question also like: Find answers to questions asked by students like you. Q: if $300 is invested at an interest rate of 5% compounded quarterly, then the amount after 2 years is… A: Amount , A= P(1+r/n)nt where, P= the principle amount r= rate of interest t=… Q: If the inflation rate is 4.85% compounded annually, how long will it take for prices to double? 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Then, the amount after 12 years be 2x. Let the rate of interest be R. ∴ The rate of interest is 25/3%. At what interest rate compounded quarterly will money double itself in 10 years 7%?time= 10 years. TO FIND, the amount doubles itself in 10 years then the rate of interest. THEREFORE THE RATE OF INTEREST IS 10%. At what rate of compound interest will a principal doubles itself in 10 years?⇒R=10%
At what rate of interest will a sum of money triple itself in 10 years?∴ The annual rate of interest is 20%.
At what rate of simple interest rate per annum will a sum of money double itself in 4 years?⇒R=6x100x=16. 6%
At what rate of simple interest will a sum of money double itself in 20 years?Hence, R = 5%.
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At what rate of simple interest will a sum of money double itself in 10 years
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