For example, monthly capitalization with annual rate of interest means that the compounding frequency is 12, with time periods measured in years. The effect of compounding depends on: The nominal interest rate which is applied and. The frequency interest is compounded.
Answer:
3 times
Explanation:
When the dough is folded, it increases by a constant factor. We can model the growth of the thickness using the exponential growth model
Where:
Initial thickness, = 2mm
Growth factor, r =8%=0.08
We want to find the smallest number of times Soon Yi will have to roll and fold the dough so that the resulting dough is at least 2.5mm.
i.e When
Therefore, the smallest number of times Soon Yi will have to roll and fold the dough so that the resulting dough is at least 2.5mm thick is 3.
Answer:
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