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WARRIOR [948]
2 years ago
6

Question 7 of 25

Mathematics
1 answer:
blondinia [14]2 years ago
7 0

Answer:

+12 percentage points

Step-by-step explanation:

All options have positive percentage in themselves

So lesser marginal error should be more applicable as lower the marginal errors lower the probability of doing mistakes so higher marks .

Option B

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Naomi invested $4000 into a fund that is expected to grow by 5.53% per year. How long will it take the fund to be worth $8000?
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Assuming that this is a compounding interest rate, we use the future value formula which is expressed as: F = P ( 1 + i )^n where F is the future value, P is the present value, i is the interest rate and n is the compounding periods. We do as follows:

F = P ( 1 + i )^n 
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n = 12.88 yrs or about 13 years

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