drzewostan8792 drzewostan8792
  • 01-08-2017
  • Business
contestada

The doubling time of the balance for a money market certificate of deposit (cd) is 25 years. by what factor does it grow in 40 years?

Respuesta :

peterdaly
peterdaly peterdaly
  • 07-08-2017
If the balance in a money market certificate of deposit doubles in 25 years then it has grown by 200%. For 40 years, that is 15 years more than the 25 so 15/25=0.6 x 200=120 %. Then a  weighted average of 25 x 200 and 15 x 120 gives 170% average growth. 
Answer Link

Otras preguntas

A triangle can be formed with side lengths 3 in, 5 in, and 9 in. A) True B) False
Convert -450° from degrees to radians
A spherical marble with a radius of 1 cm. has a mass of 10 grams. What is the density of the marble?
The alliteration in line 2 emphasizes _____. the mother’s bravery the speaker’s sadness the mother’s greed the speaker’s confusion
Which is considered a good credit practice? Use the credit card with the highest interest rate. Make late payments. Pay more than the minimum amount that is due
Of the sociological theories used to explain why crime happens, which theory focuses on the uneven distribution of wealth in society?
BRAINLIESTTT ASAP!!! -What is a merchant or craft guild? -Feudalism started to unravel throughout Europe and larger kingdoms came about. Describe the changes fo
why was agriculture important to the economies of ancient Mesopotamia Egypt and the Indus Valley1. gave common people more leisure time2. produced a surplus of
Geometry math question no Guessing and Please show work thank you
If f(x) = 2x + 3 and g(x) = x2 + 1, find f(g(3)). A. 23 B. 47 C. 82 D. 90