Answer:
20.4 years
Step-by-step explanation:
The nper formula in excel comes handy in this scenario:
=nper(rate,pmt,-pv,fv)
Rate is the monthly rate of 5.4%/12
Assuming actual investment is $5,000 which is pv
The triple amount would be $5,000*3=$15,000 which is future value fv.
pmt is the regular cash flow the investment which is zero
=nper(5.4%/12,0,-5000,15000)= 244.68 months
Yearly it can be expressed as = 244.68/12 =20.39 years
When rounded to one decimal place it becomes 20.4 years
Answer:
C
Step-by-step explanation:
Answer: 1) 8/15 2) 2 4/9 3) -13/45
Step-by-step explanation:
1/5 + 1/3 = 6/30 + 10/30 = 16/30 = 8/15
2 1/9 + 1/3 = 19/9 + 3/9 = 22/9 = 2 4/9
1/9 - 2/5 = 5/45 - 18/45 = -13/45
Answer:
C and D are same options
(D)
Step-by-step explanation:

Answer: 271.
Step-by-step explanation:
When the prior population proportion of success is not available, then the formula to find the sample size is given by :-

Given : Significance level : 
By using the standard normal distribution table ,
Critical value : 
Margin of error : 
Then , the required minimum sample size will be :-

Hence, the required minimum sample size is 271.