How much money has to be invested at 2.3% interest compounded continuously to have $41,000 after 17 years?
1 answer:
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This is a simple problem based on combinatorics which can be easily tackled by using inclusion-exclusion principle.
We are asked to find number of positive integers less than 1,000,000 that are not divisible by 6 or 4.
let n be the number of positive integers.
∴ 1≤n≤999,999
Let c₁ be the set of numbers divisible by 6 and c₂ be the set of numbers divisible by 4.
Let N(c₁) be the number of elements in set c₁ and N(c₂) be the number of elements in set c₂.
∴N(c₁) =
N(c₂) =
∴N(c₁c₂) =
∴ Number of positive integers that are not divisible by 4 or 6,
N(c₁`c₂`) = 999,999 - (166666+250000) + 41667 = 625000
Therefore, 625000 integers are not divisible by 6 or 4
We are asked to find number of positive integers less than 1,000,000 that are not divisible by 6 or 4.
let n be the number of positive integers.
∴ 1≤n≤999,999
Let c₁ be the set of numbers divisible by 6 and c₂ be the set of numbers divisible by 4.
Let N(c₁) be the number of elements in set c₁ and N(c₂) be the number of elements in set c₂.
∴N(c₁) =
N(c₂) =
∴N(c₁c₂) =
∴ Number of positive integers that are not divisible by 4 or 6,
N(c₁`c₂`) = 999,999 - (166666+250000) + 41667 = 625000
Therefore, 625000 integers are not divisible by 6 or 4
To solve this problem you must apply the proccedure shown below:
1. Let's round the value to the nearest hundredth. As you can see, the digit 8 is in the thousandths place and is greater than 5, therefore, you must round up to 0.038.
2. Now express the value as a single digit times a power of 10, as following:
x
Therefore, the answer is: x