Answer: Approximately 6.3876 years
When rounding to the nearest whole number, this rounds up to 7 years.
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Work Shown:
We'll use the compound interest formula
A = P*(1+r/n)^(n*t)
where,
- A = amount of money after t years
- P = initial deposit amount or principal
- r = interest rate in decimal form
- n = compounding frequency
- t = number of years
In this case, we know that,
- A = 2P, since we want the initial amount to double. P can be any positive real number you want and it doesn't affect the answer.
- r = 0.11
- n = 4, since we're compounding 4 times a year
- t = unknown, what we want to solve for
So,
A = P*(1+r/n)^(n*t)
2P = P*(1+r/n)^(n*t)
2 = (1+r/n)^(n*t)
2 = (1+0.11/4)^(4*t)
2 = 1.0275^(4t)
Ln(2) = Ln(1.0275^(4t))
Ln(2) = 4t*Ln(1.0275)
4t*Ln(1.0275) = Ln(2)
t = Ln(2)/(4*Ln(1.0275))
t = 6.38758965414661
It takes roughly 6.3876 years for the deposit to double. If you need this to the nearest whole number, then round up to 7. We don't round to 6 because then we would come up short of the goal of doubling the deposit.
Answer: The answer to your question is 6
Step-by-step explanation:
To solve this problem we will use proportions. We will compare the largest right triangle and the medium size triangle.
Medium triangle Large triangle
hypotenuse y 9 + 3
adjacent size 9 y
- Write the proportions
y/9 = (9 + 3)/y
-Solve for y
y² = 9(12)
y² = 108
y = 
-Find the prime factors of 108
108 2
54 2
27 3
9 3
3 3
1
then, 108 = 2² 3³
-Expressthe root as fractional exponents
2²/² 3²/² 3¹/²
-Simplification
2(3)(3)¹/²
-Result
6
Answer:
Step-by-step explanation:
E= 10/11 f=-5/9 G=4/10 H=-8/12
Answer:
a. 74.63%
b. 33.63%
c. 87.67%
Step-by-step explanation:
If 59% (0.59) of the workers are married, then It means (100-59 = 41%) of the workers are not married.
If 43% (0.43) of the workers are College graduates, then it means (100-43= 57%) of the workers are not college graduates.
If 1/3 of college graduates are married, it means portion of graduate that are married = 1/3 * 43% = 1/3 * 0.43 = 0.1433.
For question a, Probability that the worker is neither married nor a college graduate becomes:
= (probability of not married) + (probability of not a graduate) - (probability of not married * not a graduate)
= 0.41 + 0.57 - (0.41*0.57) = 0.98 - 0.2337
= 0.7463 = 74.63%
For question b, probability that the worker is married but not a college graduate becomes:
=(probability of married) * (probability of not a graduate.)
= 0.59 * 0.57
= 0.3363 = 33.63%
For question c, probability that the worker is either married or a college graduate becomes:
=probability of marriage + probability of graduate - (probability of married and graduate)
= 0.59 + 0.43 - (0.1433)
= 0.8767. = 87.67%
It’s showing you that’s it’s a squared number
for example, 5^2 = 5 squared = 25
