Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Get the answers you need quickly and accurately from a dedicated community of experts on our Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

If a bank account doubles in size every 5 years, then by what percent does it grow after only 3 years?

Sagot :

Nianoom

Answer:

1.516 

Step-by-step explanation:

A Person Places Rs 500 in a Accout that is intrest compounded continuously Assuming no additional deposits or withdrawals, How much will be in the Account After seven years If the interest rate is Constant 8.5 percent for the first four year and a constant 9.25 percent for the last three years. So you get The percent 1.516 

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.