Answer:
Matthew's money will double fastest in 6 years.
Step-by-step explanation:
<u><em>The complete question is</em></u>
Answer the question for each scenario<u><em> by applying the rule of 72</em></u>. How many years will it take each situation to double its money? Situation A: Matthew invests $5,000 in an account with a compound interest rate of 12%. Situation B: Morgan invests $2,500 in an account with a compound interest rate of 8%. Situation C: Maysen invests $10,000 in an account with a compound interest rate of 4.5%. Whose money will double fastest?
we know that
The <u><em>Rule of 72</em></u> is a simple way to determine how long an investment will take to double given a fixed annual rate of interest. By dividing 72 by the annual rate of return.
so
Situation A: Matthew invests $5,000 in an account with a compound interest rate of 12%

Situation B: Morgan invests $2,500 in an account with a compound interest rate of 8%.

Situation C: Maysen invests $10,000 in an account with a compound interest rate of 4.5%

therefore
Matthew's money will double fastest in 6 years.
-28 1/3
To get this, first, transform the mixed numbers into improper fractions. To do this, multiply the denominator and the whole number then add to the numerator.
Once this is done, set up the equation of -25/3 x 17/5 and cross multiply - -25 and 17 then 3 and 5. Don't forget that the 25 is negative so the product of the numerators will be negative!
Once this is done, you'll have a larger negative improper fraction. You'll need to transform it into a mixed number. To do this, find how many times 15 goes into 425 (28). The remainder will be the fraction or 1/3. Make sure to simplify the fraction!
Hope this helps!
If you divide, you get 9.135......
Therefore, you look at the digit after the decimal point that is 1 so it will be 9 since it's less than 5
So the answer is 9
Answer:
Following are the solution to the given question:
Step-by-step explanation:
The population std. dev of the dog weight=8
Calculating the payout w s.t:
therefore, we assume that the weight of the dog is a normal distribution with std. deviation that is 8.