Suppose $600 is compounded yearly for 20 years. If no other deposits are made, what rate is needed for the balance to triple in that time? Round your answer to the nearest hundredth of a percent.

5.65%

Step-by-step explanation:

Principal=$600

Time=20 years

FV=600*3=$1800

n=1

r=?

r= n[(A/P)^1/nt - 1]

=1{(1800/600)^ 1/1*20 - 1}

={(3)^1/20-1}

=3^0.05-1

=1.0565-1

=0.0565

rate=0.0565*100

=5.65% to the nearest hundredth percent

yes

step-by-step explanation:

give me the question

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1,407.5 hours

step-by-step explanation:

we first convert all the time to hours and then sum them up.

there are 24 hours in 1 day, in 58 days, there are 24 x 58 = 1,392 hours.

there are 60 minutes in 1 hour, thus, 30 minutes will be equivalent to 30 / 60 = 0.5 hours.

therefore, the number of hours it will take mercury to complete a full rotation is 1,392 + 15 + 0.5 = 1,407.5 hours