SOLUTION: I have two questions to ask.
1. what annual rate of interest is required to triple an investment in 8 years?
2.Solve 4(7-3x)=(1/16)
Algebra.Com
Question 473390: I have two questions to ask.
1. what annual rate of interest is required to triple an investment in 8 years?
2.Solve 4(7-3x)=(1/16)
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
1. what annual rate of interest is required to triple an investment in 8 years?
Question: Under what kind of compounding?
----------------------------------------------
2. Solve
4(7-3x)=(1/16)
(7-3x) = 1/64
2x = 7-1/64
---
2x = (7*64-1)/64
---
2x = 447/64
---
x = 447/128
---
x = 3.4922
================
Cheers,
Stan H.
================
RELATED QUESTIONS
What rate of interest compounded annually is required to triple an investment in 10... (answered by Alan3354,ewatrrr)
what rate of interest compounded annually is required to triple an investment in 22... (answered by ankor@dixie-net.com,MathTherapy)
What annual rate of interest compounded yearly is required to double an investment in 4... (answered by stanbon)
What interest rate compounded monthly is required for an $8500 investment to triple in 5... (answered by Alan3354)
What interest rate is required for an investment subject to continuous compounding to... (answered by stanbon)
1. how long does it take 1700 to double if it invested at 5% interest , compound monthly?
(answered by lwsshak3)
what rate of interest compounded annually is required to trple an investment in 7 years?
(answered by robertb)
What rate of interest compounded continously is required to dobule an investment in 8... (answered by htmentor)
What rate of interest is required to triple an investment in 12 years if the interest is... (answered by lwsshak3)