A philanthropist pledges to donate 10% of a fund each year. If the fund initially has $450,000 how much will
1 answer:
After 7 years fund balance will be $2152336.05 if the philanthropist pledges to donate 10% of a fund each year.
<h3>What is an exponential function?</h3>It is defined as the function that rapidly increases and the value of the exponential function is always a positive. It denotes with exponent.
where a is a constant and a>1
We have:
A philanthropist pledges to donate 10% of a fund each year.
We can find the amount left after 7 years as follows:
A = 450000(1 - 0.1)⁷
10% of a fund each year.
Rate r = 10% = 0.1
A = 450000(0.9)⁷
A = $2152336.05
Thus, after 7 years fund balance will be $2152336.05 if the philanthropist pledges to donate 10% of a fund each year.
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Answer:
Standard deviation = 14.064
Step-by-step explanation:
We are given the following data;
X X -
20 20 - 46 = -26 676
23 23 - 46 = - 23 529
32 32 - 46 = -14 196
36 36 - 46 = -10 100
41 41 - 46 = -5 25
43 43 - 46 = -3 9
44 44 - 46 = -2 4
45 45 - 46 = -1 1
47 47 - 46 = 1 1
54 54 - 46 = 8 64
55 55 - 46 = 9 81
59 59 - 46 = 13 169
61 61 - 46 = 15 225
63 63 - 46 = 17 289
66 66 - 46 = 20 <u> 400 </u>
<u>= 2769 </u>
Firstly we will calculate Mean, =
= 45.93 ≈ 46
Now, Standard deviation formula is given by;
s = =
= 14.064 .