different 345678ijhgfcvbnmkjhgfvbnvcdrtyuhjt56yuh
Answer:
Step-by-step explanation:
You're supposed to divide 1.875 inches by 500, because there are 500 pieces of paper. 1.875 divided by 500 is 0.00375, not 0.015 so Diego is wrong.
Using continuous compounding, it is found that the value of r is of r = 7.7%.
<h3>What is continuous compounding?</h3>
The amount of money after t years in continuous compounding is:
In which:
- P(0) is the initial amount.
- r is the exponential growth rate.
The doubling time of 9 years means that P(9) = 2P(0), which is used to find r, hence:
r = 0.077.
r = 7.7%.
More can be learned about continuous compounding at brainly.com/question/24722580
#SPJ1