Given:
Rate of interest = 8% compounded continuously.
Amount = 100,000
Time = 25 years
To find:
The principal value.
Solution:
Formula for amount after continuous compound interest:

Where, A is amount, P is principal, r is the rate of interest and t is the number of years.
Putting
in the above formula, we get




On further simplification, we get

Therefore, the amount 13533.528 is invested.
Answer:
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Step-by-step explanation:
Answer:
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Step-by-step explanation:
I think that is the answer
5:8 and 20:32 would be a proportion.
Easy way to find this:
Set up the proportion as a fraction.
Use the cross product property. Multiply the diagonals and if the products of the diagonals are the same, then they are proportional.
We have given the 2 by 2 frequency table.
The probability that a randomly selected book is a nonfiction paperback =
(Number of nonfiction paperback books) / Total number of books
= 23 / 69
= 0.3333
The percentage of nonfiction paperback books is 33.33%