Suppose $1,500 is compounded weekly for 46 years. if no other deposits are made, what rate is needed for the balance to triple in that time?

The rate is needed is 1.037%.

Step-by-step explanation:

Given : Suppose $1,500 is compounded weekly for 46 years. If no other deposits are made.

To find : What rate is needed for the balance to triple in that time?

Solution :

Applying compound interest formula,

Where, P is the principal

A is the amount

The balance to triple in that time i.e. A=3P

r is the rate

t is the time t=46 years

Compounded weekly so n=52

Substitute the value in the formula,

Taking log both side,

Taking exponential both side,

Into percentage,

Therefore, the rate is needed is 1.037%.

at first, in 1635, the evening meetings had been just for women . .

what relationship between ideas is shown in the text above?

question 1 options:

location of events

similarity of events

timing of events

examples of an idea

step-by-step explanation:

answer: y=4000x+14000

step-by-step explanation: