document.write( "Question 1185341: Bob invests 5000 euros in a fixed deposit that pays a nominal annual interest rate of 4.5% compounded monthly, for seven years. \r
\n" ); document.write( "\n" ); document.write( "Carla has 7000 dollars to invest in a fixed deposit which is compounded annually. She aims to double her money after 10 years. Find the minimum annual interest rate needed for Carla to achieve her aim. \n" ); document.write( "
Algebra.Com's Answer #816187 by MathTherapy(10555)\"\" \"About 
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Bob invests 5000 euros in a fixed deposit that pays a nominal annual interest rate of 4.5% compounded monthly, for seven years. \r
\n" ); document.write( "\n" ); document.write( "Carla has 7000 dollars to invest in a fixed deposit which is compounded annually. She aims to double her money after 10 years. Find the minimum annual interest rate needed for Carla to achieve her aim.
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Bob: \r\n" );
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document.write( "Carla: \"+matrix%281%2C3%2C+A%2C+%22=%22%2C+P%281+%2B+i%2F1%29%5Emt%29\"\r\n" );
document.write( "       \"matrix%281%2C3%2C+2%2C+%22=%22%2C+%281+%2B+i%29%5E10%29\" ------ Future value of 2 (Doubling original amount)\r\n" );
document.write( "  \"matrix%281%2C3%2C+matrix%282%2C1%2C+%22+%22%2C+2%5E%281%2F10%29%29%2C+%22=%22%2C+1+%2B+i%29\"\r\n" );
document.write( "Interest rate, or \r\n" );
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document.write( "These are not even close to being as COMPLEX as the other person makes them seem.
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