How long will it take for the balance of an account to double if the savings account earns 0.75% annual interest compounded monthly?
hint: set up the problem using the formula: a=p(1+r/n )^nt.

You're looking for the time that it takes for the principal to double, so . Dividing both sides of the formula by leaves you with



You're given that the account earns 0.75% interest and that the interest is compounded monthly, so and .

Intersecting secant-tangent theorem states that if a tangent segment and a secant segment are drawn to a circle from an exterior point, then the square of the measure of the tangent segment is equal to the product of the measures of the secant segment and its external secant segment.so to break it down: 1. pq acts as the tangent and ps as the secant with an intersection at p.sr = 21rp = 3x + 3pq = 4x + 4following to equation: tangent squared = the two segments multiplied by each otherso (4x + 4) ^ 2 = (3x + 3) • (21) simplifies to 16x^2 - 31x - 47 = 0 or (16x - 47)(x + 1) x = -1 or x = 47/162. pq acts as the tangent and ps as the secant with an intersection at p (again! )sr = 16rp = xpq = 15(15) ^ 2 = 16 • x225 = 16xx = 225/163. the interesting chords are proportional to each other so a ratio is possible to set up: ap dp 10 3 + x = = —— = pc pb 8 xcross multiple to get 10x = (3 + x)(8)x = 12