Algebra and Trigonometry: Structure and Method, Book 2
Algebra and Trigonometry: Structure and Method, Book 2
2000th Edition
ISBN: 9780395977255
Author: MCDOUGAL LITTEL
Publisher: McDougal Littell
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Chapter 10.7, Problem 2P

a.

To determine

To solve.

a.

Expert Solution
Check Mark

Answer to Problem 2P

$107.2

Explanation of Solution

Given information:

One hundred dollars is invested at 7.2% interest compounded annually. We have to determine worth after 1 year.

We shall use the formula for compound interest.

  A=P(1+rn)nt

Where A is the amount and P is principal and ris rate compounded n times.

Worth after 1 year is,

  A=100(1+0.072)1=$107.2

b.

To determine

To solve.

b.

Expert Solution
Check Mark

Answer to Problem 2P

$141.57

Explanation of Solution

Given information:

One hundred dollars is invested at 7.2% interest compounded annually. We have to determine worth after 5 year.

We shall use the formula for compound interest.

Where A is the amount and P is principal and ris rate compounded n times.

Worth after 5 year is,

  A=100(1+0.072)5=$141.57

c.

To determine

To solve.

c.

Expert Solution
Check Mark

Answer to Problem 2P

$200.42

Explanation of Solution

Given information:

One hundred dollars is invested at 7.2% interest compounded annually. We have to determine worth after 10 year.

We shall use the formula for compound interest.

  A=P(1+rn)nt

Where A is the amount and P is principal and ris rate compounded n times.

Worth after 10 year is,

  A=1000(1+0.12)10=$200.42

d.

To determine

To solve.

d.

Expert Solution
Check Mark

Answer to Problem 2P

$401.70

Explanation of Solution

Given information:

one hundred dollars is invested at 7.2% interest compounded annually. Wehave to determine worth after 20 year.

We shall use the formula for compound interest.

Where A is the amount and P is principal and ris rate compounded n times.

Worth after 20 year is,

  A=1000(1+0.072)20=$401.70

e.

To determine

Using the answers from above parts we have to estimate doubling time for the investment.

e.

Expert Solution
Check Mark

Answer to Problem 2P

Doubling time is 10 years on a rate of 7.2% compounded annually.

Explanation of Solution

Doubling rate is given by formula,

  N=N021d

Where N is present value, N0 is starting value and d is doubling rate.

We have to solve for d

Now we put N=2N0 and take log both sides in order to derive expression for time to double.

Hence we get,

  d=ln(2)ln(1+r100)72r

Sometimes this is directly used to calculate the doubling time when the interest is compounded annually. (Called rule of 72)

Hence doubling time is 727.2=10 years.

Chapter 10 Solutions

Algebra and Trigonometry: Structure and Method, Book 2

Ch. 10.1 - Prob. 11OECh. 10.1 - Prob. 12OECh. 10.1 - Prob. 13OECh. 10.1 - Prob. 14OECh. 10.1 - Prob. 15OECh. 10.1 - Prob. 16OECh. 10.1 - Prob. 17OECh. 10.1 - Prob. 18OECh. 10.1 - Prob. 19OECh. 10.1 - Prob. 20OECh. 10.1 - Prob. 21OECh. 10.1 - Prob. 22OECh. 10.1 - Prob. 23OECh. 10.1 - Prob. 24OECh. 10.1 - Prob. 25OECh. 10.1 - Prob. 26OECh. 10.1 - Prob. 27OECh. 10.1 - Prob. 28OECh. 10.1 - Prob. 29OECh. 10.1 - Prob. 30OECh. 10.1 - Prob. 31OECh. 10.1 - Prob. 1WECh. 10.1 - Prob. 2WECh. 10.1 - Prob. 3WECh. 10.1 - Prob. 4WECh. 10.1 - Prob. 5WECh. 10.1 - Prob. 6WECh. 10.1 - Prob. 7WECh. 10.1 - Prob. 8WECh. 10.1 - Prob. 9WECh. 10.1 - Prob. 10WECh. 10.1 - Prob. 11WECh. 10.1 - Prob. 12WECh. 10.1 - Prob. 13WECh. 10.1 - Prob. 14WECh. 10.1 - Prob. 15WECh. 10.1 - Prob. 16WECh. 10.1 - Prob. 17WECh. 10.1 - Prob. 18WECh. 10.1 - Prob. 19WECh. 10.1 - Prob. 20WECh. 10.1 - Prob. 21WECh. 10.1 - Prob. 22WECh. 10.1 - Prob. 23WECh. 10.1 - Prob. 24WECh. 10.1 - Prob. 25WECh. 10.1 - Prob. 26WECh. 10.1 - Prob. 27WECh. 10.1 - Prob. 28WECh. 10.1 - Prob. 29WECh. 10.1 - Prob. 30WECh. 10.1 - Prob. 31WECh. 10.1 - Prob. 32WECh. 10.1 - Prob. 33WECh. 10.1 - Prob. 34WECh. 10.1 - Prob. 35WECh. 10.1 - Prob. 36WECh. 10.1 - Prob. 37WECh. 10.1 - Prob. 38WECh. 10.1 - Prob. 39WECh. 10.1 - Prob. 40WECh. 10.1 - Prob. 41WECh. 10.1 - Prob. 42WECh. 10.1 - Prob. 43WECh. 10.1 - Prob. 44WECh. 10.1 - Prob. 45WECh. 10.1 - Prob. 46WECh. 10.1 - Prob. 47WECh. 10.1 - Prob. 48WECh. 10.1 - Prob. 49WECh. 10.1 - Prob. 50WECh. 10.1 - Prob. 1MRECh. 10.1 - Prob. 2MRECh. 10.1 - Prob. 3MRECh. 10.1 - Prob. 4MRECh. 10.1 - Prob. 5MRECh. 10.1 - Prob. 6MRECh. 10.2 - Prob. 1OECh. 10.2 - Prob. 2OECh. 10.2 - Prob. 3OECh. 10.2 - Prob. 4OECh. 10.2 - Prob. 5OECh. 10.2 - Prob. 6OECh. 10.2 - Prob. 7OECh. 10.2 - Prob. 8OECh. 10.2 - Prob. 9OECh. 10.2 - Prob. 10OECh. 10.2 - Prob. 11OECh. 10.2 - Prob. 12OECh. 10.2 - Prob. 1WECh. 10.2 - Prob. 2WECh. 10.2 - Prob. 3WECh. 10.2 - Prob. 4WECh. 10.2 - Prob. 5WECh. 10.2 - Prob. 6WECh. 10.2 - Prob. 7WECh. 10.2 - Prob. 8WECh. 10.2 - Prob. 9WECh. 10.2 - Prob. 10WECh. 10.2 - Prob. 11WECh. 10.2 - Prob. 12WECh. 10.2 - Prob. 13WECh. 10.2 - Prob. 14WECh. 10.2 - Prob. 15WECh. 10.2 - Prob. 16WECh. 10.2 - Prob. 17WECh. 10.2 - Prob. 18WECh. 10.2 - Prob. 19WECh. 10.2 - Prob. 20WECh. 10.2 - Prob. 21WECh. 10.2 - Prob. 22WECh. 10.2 - Prob. 23WECh. 10.2 - Prob. 24WECh. 10.2 - Prob. 25WECh. 10.2 - Prob. 26WECh. 10.2 - Prob. 27WECh. 10.2 - Prob. 28WECh. 10.2 - Prob. 29WECh. 10.2 - Prob. 30WECh. 10.2 - Prob. 31WECh. 10.2 - Prob. 32WECh. 10.2 - Prob. 33WECh. 10.2 - Prob. 34WECh. 10.2 - Prob. 35WECh. 10.2 - Prob. 36WECh. 10.2 - Prob. 37WECh. 10.2 - Prob. 38WECh. 10.2 - Prob. 39WECh. 10.3 - Prob. 1OECh. 10.3 - Prob. 2OECh. 10.3 - Prob. 3OECh. 10.3 - Prob. 4OECh. 10.3 - Prob. 5OECh. 10.3 - Prob. 6OECh. 10.3 - Prob. 7OECh. 10.3 - Prob. 1WECh. 10.3 - Prob. 2WECh. 10.3 - Prob. 3WECh. 10.3 - Prob. 4WECh. 10.3 - Prob. 5WECh. 10.3 - Prob. 6WECh. 10.3 - Prob. 7WECh. 10.3 - Prob. 8WECh. 10.3 - Prob. 9WECh. 10.3 - Prob. 10WECh. 10.3 - Prob. 11WECh. 10.3 - Prob. 12WECh. 10.3 - Prob. 13WECh. 10.3 - Prob. 14WECh. 10.3 - Prob. 15WECh. 10.3 - Prob. 16WECh. 10.3 - Prob. 17WECh. 10.3 - Prob. 18WECh. 10.3 - Prob. 19WECh. 10.3 - Prob. 20WECh. 10.3 - Prob. 21WECh. 10.3 - Prob. 22WECh. 10.3 - Prob. 23WECh. 10.3 - Prob. 24WECh. 10.3 - Prob. 25WECh. 10.3 - Prob. 26WECh. 10.3 - Prob. 1MRECh. 10.3 - Prob. 2MRECh. 10.3 - Prob. 3MRECh. 10.3 - Prob. 4MRECh. 10.3 - Prob. 5MRECh. 10.3 - Prob. 6MRECh. 10.3 - Prob. 7MRECh. 10.3 - Prob. 8MRECh. 10.3 - Prob. 9MRECh. 10.3 - Prob. 10MRECh. 10.3 - Prob. 11MRECh. 10.3 - Prob. 12MRECh. 10.3 - Prob. 1STCh. 10.3 - Prob. 2STCh. 10.3 - Prob. 3STCh. 10.3 - Prob. 4STCh. 10.3 - Prob. 5STCh. 10.3 - Prob. 6STCh. 10.3 - Prob. 7STCh. 10.4 - Prob. 1OECh. 10.4 - Prob. 2OECh. 10.4 - Prob. 3OECh. 10.4 - Prob. 4OECh. 10.4 - Prob. 5OECh. 10.4 - Prob. 6OECh. 10.4 - Prob. 7OECh. 10.4 - Prob. 8OECh. 10.4 - Prob. 9OECh. 10.4 - Prob. 10OECh. 10.4 - Prob. 11OECh. 10.4 - Prob. 12OECh. 10.4 - Prob. 13OECh. 10.4 - Prob. 14OECh. 10.4 - Prob. 15OECh. 10.4 - Prob. 16OECh. 10.4 - Prob. 17OECh. 10.4 - Prob. 18OECh. 10.4 - Prob. 19OECh. 10.4 - Prob. 20OECh. 10.4 - Prob. 1WECh. 10.4 - Prob. 2WECh. 10.4 - Prob. 3WECh. 10.4 - Prob. 4WECh. 10.4 - Prob. 5WECh. 10.4 - Prob. 6WECh. 10.4 - Prob. 7WECh. 10.4 - Prob. 8WECh. 10.4 - Prob. 9WECh. 10.4 - Prob. 10WECh. 10.4 - Prob. 11WECh. 10.4 - Prob. 12WECh. 10.4 - Prob. 13WECh. 10.4 - Prob. 14WECh. 10.4 - Prob. 15WECh. 10.4 - Prob. 16WECh. 10.4 - Prob. 17WECh. 10.4 - Prob. 18WECh. 10.4 - Prob. 19WECh. 10.4 - Prob. 20WECh. 10.4 - Prob. 21WECh. 10.4 - Prob. 22WECh. 10.4 - Prob. 23WECh. 10.4 - Prob. 24WECh. 10.4 - Prob. 25WECh. 10.4 - Prob. 26WECh. 10.4 - Prob. 27WECh. 10.4 - Prob. 28WECh. 10.4 - Prob. 29WECh. 10.4 - Prob. 30WECh. 10.4 - Prob. 31WECh. 10.4 - Prob. 32WECh. 10.4 - Prob. 33WECh. 10.4 - Prob. 34WECh. 10.4 - Prob. 35WECh. 10.4 - Prob. 36WECh. 10.4 - Prob. 37WECh. 10.4 - Prob. 38WECh. 10.4 - Prob. 39WECh. 10.4 - Prob. 40WECh. 10.4 - Prob. 41WECh. 10.4 - Prob. 42WECh. 10.4 - Prob. 43WECh. 10.5 - Prob. 1OECh. 10.5 - Prob. 2OECh. 10.5 - Prob. 3OECh. 10.5 - Prob. 4OECh. 10.5 - Prob. 5OECh. 10.5 - Prob. 6OECh. 10.5 - Prob. 7OECh. 10.5 - Prob. 8OECh. 10.5 - Prob. 9OECh. 10.5 - Prob. 10OECh. 10.5 - Prob. 11OECh. 10.5 - Prob. 12OECh. 10.5 - Prob. 13OECh. 10.5 - Prob. 14OECh. 10.5 - Prob. 15OECh. 10.5 - Prob. 16OECh. 10.5 - Prob. 17OECh. 10.5 - Prob. 18OECh. 10.5 - Prob. 19OECh. 10.5 - Prob. 20OECh. 10.5 - Prob. 21OECh. 10.5 - Prob. 22OECh. 10.5 - Prob. 23OECh. 10.5 - Prob. 24OECh. 10.5 - Prob. 1WECh. 10.5 - Prob. 2WECh. 10.5 - Prob. 3WECh. 10.5 - Prob. 4WECh. 10.5 - Prob. 5WECh. 10.5 - Prob. 6WECh. 10.5 - Prob. 7WECh. 10.5 - Prob. 8WECh. 10.5 - Prob. 9WECh. 10.5 - Prob. 10WECh. 10.5 - Prob. 11WECh. 10.5 - Prob. 12WECh. 10.5 - Prob. 13WECh. 10.5 - Prob. 14WECh. 10.5 - Prob. 15WECh. 10.5 - Prob. 16WECh. 10.5 - Prob. 17WECh. 10.5 - Prob. 18WECh. 10.5 - Prob. 19WECh. 10.5 - Prob. 20WECh. 10.5 - Prob. 21WECh. 10.5 - Prob. 22WECh. 10.5 - Prob. 23WECh. 10.5 - Prob. 24WECh. 10.5 - Prob. 25WECh. 10.5 - Prob. 26WECh. 10.5 - Prob. 27WECh. 10.5 - Prob. 28WECh. 10.5 - Prob. 29WECh. 10.5 - Prob. 30WECh. 10.5 - Prob. 31WECh. 10.5 - Prob. 32WECh. 10.5 - Prob. 33WECh. 10.5 - Prob. 34WECh. 10.5 - Prob. 35WECh. 10.5 - Prob. 36WECh. 10.5 - Prob. 37WECh. 10.5 - Prob. 38WECh. 10.5 - Prob. 39WECh. 10.5 - Prob. 40WECh. 10.5 - Prob. 41WECh. 10.5 - Prob. 42WECh. 10.5 - Prob. 43WECh. 10.5 - Prob. 44WECh. 10.5 - Prob. 45WECh. 10.5 - Prob. 46WECh. 10.5 - Prob. 47WECh. 10.5 - Prob. 48WECh. 10.5 - Prob. 49WECh. 10.5 - Prob. 50WECh. 10.5 - Prob. 51WECh. 10.5 - Prob. 1MRECh. 10.5 - Prob. 2MRECh. 10.5 - Prob. 3MRECh. 10.5 - Prob. 4MRECh. 10.5 - Prob. 5MRECh. 10.5 - Prob. 6MRECh. 10.5 - Prob. 7MRECh. 10.5 - Prob. 8MRECh. 10.5 - Prob. 9MRECh. 10.5 - Prob. 10MRECh. 10.5 - Prob. 11MRECh. 10.5 - Prob. 12MRECh. 10.5 - Prob. 13MRECh. 10.5 - Prob. 1STCh. 10.5 - Prob. 2STCh. 10.5 - Prob. 3STCh. 10.5 - Prob. 4STCh. 10.5 - Prob. 5STCh. 10.5 - Prob. 6STCh. 10.5 - Prob. 7STCh. 10.6 - Prob. 1OECh. 10.6 - Prob. 2OECh. 10.6 - Prob. 3OECh. 10.6 - Prob. 4OECh. 10.6 - Prob. 5OECh. 10.6 - Prob. 6OECh. 10.6 - Prob. 7OECh. 10.6 - Prob. 8OECh. 10.6 - Prob. 9OECh. 10.6 - Prob. 10OECh. 10.6 - Prob. 11OECh. 10.6 - Prob. 12OECh. 10.6 - Prob. 13OECh. 10.6 - Prob. 14OECh. 10.6 - Prob. 15OECh. 10.6 - Prob. 16OECh. 10.6 - Prob. 1WECh. 10.6 - Prob. 2WECh. 10.6 - Prob. 3WECh. 10.6 - Prob. 4WECh. 10.6 - Prob. 5WECh. 10.6 - Prob. 6WECh. 10.6 - Prob. 7WECh. 10.6 - Prob. 8WECh. 10.6 - Prob. 9WECh. 10.6 - Prob. 10WECh. 10.6 - Prob. 11WECh. 10.6 - Prob. 12WECh. 10.6 - Prob. 13WECh. 10.6 - Prob. 14WECh. 10.6 - Prob. 15WECh. 10.6 - Prob. 16WECh. 10.6 - Prob. 17WECh. 10.6 - Prob. 18WECh. 10.6 - Prob. 19WECh. 10.6 - Prob. 20WECh. 10.6 - Prob. 21WECh. 10.6 - Prob. 22WECh. 10.6 - Prob. 23WECh. 10.6 - Prob. 24WECh. 10.6 - Prob. 25WECh. 10.6 - Prob. 26WECh. 10.6 - Prob. 27WECh. 10.6 - Prob. 28WECh. 10.6 - Prob. 29WECh. 10.6 - Prob. 30WECh. 10.6 - Prob. 31WECh. 10.6 - Prob. 32WECh. 10.6 - Prob. 33WECh. 10.6 - Prob. 34WECh. 10.6 - Prob. 35WECh. 10.6 - Prob. 36WECh. 10.6 - Prob. 37WECh. 10.6 - Prob. 38WECh. 10.6 - Prob. 39WECh. 10.6 - Prob. 40WECh. 10.6 - Prob. 41WECh. 10.6 - Prob. 42WECh. 10.7 - Prob. 1OECh. 10.7 - Prob. 2OECh. 10.7 - Prob. 3OECh. 10.7 - Prob. 4OECh. 10.7 - Prob. 1PCh. 10.7 - Prob. 2PCh. 10.7 - Prob. 3PCh. 10.7 - Prob. 4PCh. 10.7 - Prob. 5PCh. 10.7 - Prob. 6PCh. 10.7 - Prob. 7PCh. 10.7 - Prob. 8PCh. 10.7 - Prob. 9PCh. 10.7 - Prob. 10PCh. 10.7 - Prob. 11PCh. 10.7 - Prob. 12PCh. 10.7 - Prob. 13PCh. 10.7 - Prob. 14PCh. 10.7 - Prob. 15PCh. 10.7 - Prob. 16PCh. 10.7 - Prob. 17PCh. 10.7 - Prob. 18PCh. 10.7 - Prob. 19PCh. 10.7 - Prob. 20PCh. 10.7 - Prob. 21PCh. 10.7 - Prob. 22PCh. 10.7 - Prob. 1MRECh. 10.7 - Prob. 2MRECh. 10.7 - Prob. 3MRECh. 10.7 - Prob. 4MRECh. 10.7 - Prob. 5MRECh. 10.7 - Prob. 6MRECh. 10.7 - Prob. 7MRECh. 10.7 - Prob. 8MRECh. 10.7 - Prob. 9MRECh. 10.7 - Prob. 10MRECh. 10.7 - Prob. 11MRECh. 10.7 - Prob. 12MRECh. 10.8 - Prob. 1OECh. 10.8 - Prob. 2OECh. 10.8 - Prob. 3OECh. 10.8 - Prob. 4OECh. 10.8 - Prob. 5OECh. 10.8 - Prob. 6OECh. 10.8 - Prob. 7OECh. 10.8 - Prob. 8OECh. 10.8 - Prob. 9OECh. 10.8 - Prob. 10OECh. 10.8 - Prob. 11OECh. 10.8 - Prob. 12OECh. 10.8 - Prob. 13OECh. 10.8 - Prob. 14OECh. 10.8 - Prob. 15OECh. 10.8 - Prob. 16OECh. 10.8 - Prob. 1WECh. 10.8 - Prob. 2WECh. 10.8 - Prob. 3WECh. 10.8 - Prob. 4WECh. 10.8 - Prob. 5WECh. 10.8 - Prob. 6WECh. 10.8 - Prob. 7WECh. 10.8 - Prob. 8WECh. 10.8 - Prob. 9WECh. 10.8 - Prob. 10WECh. 10.8 - Prob. 11WECh. 10.8 - Prob. 12WECh. 10.8 - Prob. 13WECh. 10.8 - Prob. 14WECh. 10.8 - Prob. 15WECh. 10.8 - Prob. 16WECh. 10.8 - Prob. 17WECh. 10.8 - Prob. 18WECh. 10.8 - Prob. 19WECh. 10.8 - Prob. 20WECh. 10.8 - Prob. 21WECh. 10.8 - Prob. 22WECh. 10.8 - Prob. 23WECh. 10.8 - Prob. 24WECh. 10.8 - Prob. 25WECh. 10.8 - Prob. 26WECh. 10.8 - Prob. 27WECh. 10.8 - Prob. 28WECh. 10.8 - Prob. 29WECh. 10.8 - Prob. 30WECh. 10.8 - Prob. 31WECh. 10.8 - Prob. 32WECh. 10.8 - Prob. 33WECh. 10.8 - Prob. 34WECh. 10.8 - Prob. 35WECh. 10.8 - Prob. 36WECh. 10.8 - Prob. 37WECh. 10.8 - Prob. 38WECh. 10.8 - Prob. 39WECh. 10.8 - Prob. 40WECh. 10.8 - Prob. 41WECh. 10.8 - Prob. 42WECh. 10.8 - Prob. 43WECh. 10.8 - Prob. 44WECh. 10.8 - Prob. 45WECh. 10.8 - Prob. 46WECh. 10.8 - Prob. 47WECh. 10.8 - Prob. 48WECh. 10.8 - Prob. 49WECh. 10.8 - Prob. 50WECh. 10.8 - Prob. 51WECh. 10.8 - Prob. 1STCh. 10.8 - Prob. 2STCh. 10.8 - Prob. 3STCh. 10.8 - Prob. 4STCh. 10.8 - Prob. 5STCh. 10.8 - Prob. 1ECh. 10.8 - Prob. 2ECh. 10.8 - Prob. 3ECh. 10 - Prob. 1CRCh. 10 - Prob. 2CRCh. 10 - Prob. 3CRCh. 10 - Prob. 4CRCh. 10 - Prob. 5CRCh. 10 - Prob. 6CRCh. 10 - Prob. 7CRCh. 10 - Prob. 8CRCh. 10 - Prob. 9CRCh. 10 - Prob. 10CRCh. 10 - Prob. 11CRCh. 10 - Prob. 12CRCh. 10 - Prob. 13CRCh. 10 - Prob. 14CRCh. 10 - Prob. 15CRCh. 10 - Prob. 16CRCh. 10 - Prob. 1CTCh. 10 - Prob. 2CTCh. 10 - Prob. 3CTCh. 10 - Prob. 4CTCh. 10 - Prob. 5CTCh. 10 - Prob. 6CTCh. 10 - Prob. 7CTCh. 10 - Prob. 8CTCh. 10 - Prob. 9CTCh. 10 - Prob. 10CTCh. 10 - Prob. 11CTCh. 10 - Prob. 12CTCh. 10 - Prob. 13CTCh. 10 - Prob. 1MPSCh. 10 - Prob. 2MPSCh. 10 - Prob. 3MPSCh. 10 - Prob. 4MPSCh. 10 - Prob. 5MPSCh. 10 - Prob. 6MPSCh. 10 - Prob. 7MPSCh. 10 - Prob. 8MPSCh. 10 - Prob. 9MPSCh. 10 - Prob. 10MPSCh. 10 - Prob. 11MPSCh. 10 - Prob. 12MPSCh. 10 - Prob. 13MPS
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