Find the least common denominator 11 over 8 and 1 over 12
1 answer:
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Answer:
The approximate monthly rate of growth is 1.24%
Step-by-step explanation:
we have the future value formula
we have
----> annual interest rate
so
Find the approximate monthly rate of growth
Remember that
so
Divide the number of periods t by 12
Applying power rules property
Convert to percentage
therefore
The approximate monthly rate of growth is 1.24%
Given :
Nathan smiled at 50 people one day and recorded that 36 people smiled back at him.
To Find :
How many people should Nathan expect to return a smile if he smiles at 650 people over a period of time.
Solution :
Ratio of people smiled by total number of people is :
Now, it is given that we have to use the given conditions.
Therefore, ratio will be same :
Therefore, number of smiles Nathan expect to return is 468.