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 squared plus b squared
how can you divide 33/100 by
As American forces approached Japan, Japanese forces A. won an important victory in the Philippines. B. conquered every island the United States held. C. surren
Explain two ways to find the Gcf of 36 and 27
Which activity produces the smallest amount of greenhouse gases?
A bar magnet is arranged with its north pole facing downward toward a conducting loop. The magnet is being lifted upward away from the loop. In which direction
Harold wound 5 meters of string around a spool. How many centimeters of string were on the spool? a. 0.05 cm b. 0.50 cm c. 50 cm d. 500 cm
F=C(9/5) 32. How do variables make the formula useful?
with regard to age and social class who were the first settlers
Which of the following expressions could you use to estimate 47% of 89? 1/2 x 90 0.5 x 90 0.47 x 89 90/2