Answer:
Part a. t = 7.29 years.
Part b. t = 27.73 years.
Part c. p = $3894.00
Step-by-step explanation:
The formula for continuous compounding is: A = p*e^(rt); where A is the amount after compounding, p is the principle, e is the mathematical constant (2.718281), r is the rate of interest, and t is the time in years.
Part a. It is given that p = $2000, r = 2.5%, and A = $2400. In this part, t is unknown. Therefore: 2400 = 2000*e^(2.5t). This implies 1.2 = e^(0.025t). Taking natural logarithm on both sides yields ln(1.2) = ln(e^(0.025t)). A logarithmic property is that the power of the logarithmic expression can be shifted on the left side of the whole expression, thus multiplying it with the expression. Therefore, ln(1.2) = 0.025t*ln(e). Since ln(e) = 1, and making t the subject gives t = ln(1.2)/0.025. This means that t = 7.29 years (rounded to the nearest 2 decimal places)!!!
Part b. It is given that p = $2000, r = 2.5%, and A = $4000. In this part, t is unknown. Therefore: 4000 = 2000*e^(2.5t). This implies 2 = e^(0.025t). Taking natural logarithm on both sides yields ln(2) = ln(e^(0.025t)). A logarithmic property is that the power of the logarithmic expression can be shifted on the left side of the whole expression, thus multiplying it with the expression. Therefore, ln(2) = 0.025t*ln(e). Since ln(e) = 1, and making t the subject gives t = ln(2)/0.025. This means that t = 27.73 years (rounded to the nearest 2 decimal places)!!!
Part c. It is given that A = $5000, r = 2.5%, and t = 10 years. In this part, p is unknown. Therefore 5000 = p*e^(0.025*10). This implies 5000 = p*e^(0.25). Making p the subject gives p = 5000/e^0.25. This means that p = $3894.00(rounded to the nearest 2 decimal places)!!!
Answer:
10
Step-by-step explanation:
40=2 x 2 x 2 x 5
50=2 x 5 x 5
therefore, GFC = 2x5
GFC= 10
Option C: (0,125) is the y - intercept.
Explanation:
The given function is
We need to determine the y - intercept.
<u>The value of y - intercept:</u>
The y - intercept is the value of y when x = 0
The y - intercept of the function can be determined by substituting x = 0 in the function.
Hence, let us substitute x = 0 in the function , we have,
Simplifying the terms, we get;
Thus, the value of y is 125.
Hence, the y - intercept is 125.
Therefore, the coordinates of the y - intercept are (0,125)
Hence, Option C is the correct answer.
Margin of error, e = Z*SD/Sqrt (N), where N = Sample population
Assuming a 95% confidence interval and substituting all the values;
At 95% confidence, Z = 1.96
Therefore,
0.23 = 1.96*1.9/Sqrt (N)
Sqrt (N) = 1.96*1.9/0.23
N = (1.96*1.9/0.23)^2 = 262.16 ≈ 263
Minimum sample size required is 263 students.