What interest rate is needed to turn $2500 into $15,000 in 14 years if interest is compounded weekly?

0.6845% per week.

Step-by-step explanation:

Simple Interest Calculation A = P(1 + rt)

Solving our equation:

r = (1/730.5)((15000/2500) - 1) = 0.00684463

r = 0.00684463

Converting r decimal to R a percentage

R = 0.00684463 * 100 = 0.6845%/week

Calculating the annual rate

0.6845%/week × 52 weeks/year = 35.594%/year.

The interest rate required to get a total amount, principal plus interest, of $15,000.00 from simple interest on a principal of $2,500.00 over 14.05 years (730.5 weeks) is 0.6845% per week.

answer:

it is general formula that is used to write value to its excet position

a11 a12 a13

a21 a22 a23

it is the example of order 2 by 3 matrix in this

a11 means value occur in 1 st row 1st column

a12 means value occurs in 1st row 2nd column

a13 means value occur in 1st row and 3rd column

a21 means value occurs in 2nd row and 1st column

a22 means value occurs in 2nd row and in 2nd column

a23 means value occurs in 2nd row and in 3rd column

answer: #1 ads up by 8 and i don't know #2