Write a story problem that would model the sum of the arrows in the number diagram below. The first part of your story should re
present the bottom line that stops at 9. The second part of your story problem should represent the middle line that goes back to 0. The third part of your story problem should represent the top line which then goes back to 5. Be creative and have fun with this story problem.
1 answer:
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(See attached formula)
Years = log (total / principal) / n*log(1 + rate/n) where n = compounding periods per year
Years = log (total / principal) / n*log(1 + rate/n)
Rate of .75% = .0625 per month
We'll say we want total = 200 and principal = 100
Years = log (200 / 100) / 12*log(1 + rate/n)
Years = log (2) / 12 * log (1 + .0625/12)
Years = <span> <span> <span> 0.3010299957 </span> </span> </span> / 12 * <span> <span> <span> 0.0022560803 </span> </span> </span> <span><span> </span> </span>
Years = <span> <span> 0.3010299957 </span> </span> / <span> <span> <span> 0.0270729635 </span>
Years = </span></span><span><span><span>11.1192110871 </span> </span> </span>
I don't think that's right
The interest rate is REALLY low. (Less than 1%)
Rate = .75 and .0075 when in a formula
Years = log (2) / 12 * log (1 + .0075/12)
Years = log (2) / 12 * log( <span>1.000625</span>)
Years = <span> <span> <span> 0.3010299957 </span> </span> </span> / 12 * <span> <span> <span> 0.0002713493 </span> </span> </span>
Years = <span><span><span> <span> 0.3010299957 </span> </span> / 0.0032561912 </span>
</span>Years = <span><span><span>92.4485010892
THAT seems a more likely answer with such a low interest rate.
</span> </span> </span>
Years = log (total / principal) / n*log(1 + rate/n) where n = compounding periods per year
Years = log (total / principal) / n*log(1 + rate/n)
Rate of .75% = .0625 per month
We'll say we want total = 200 and principal = 100
Years = log (200 / 100) / 12*log(1 + rate/n)
Years = log (2) / 12 * log (1 + .0625/12)
Years = <span> <span> <span> 0.3010299957 </span> </span> </span> / 12 * <span> <span> <span> 0.0022560803 </span> </span> </span> <span><span> </span> </span>
Years = <span> <span> 0.3010299957 </span> </span> / <span> <span> <span> 0.0270729635 </span>
Years = </span></span><span><span><span>11.1192110871 </span> </span> </span>
I don't think that's right
The interest rate is REALLY low. (Less than 1%)
Rate = .75 and .0075 when in a formula
Years = log (2) / 12 * log (1 + .0075/12)
Years = log (2) / 12 * log( <span>1.000625</span>)
Years = <span> <span> <span> 0.3010299957 </span> </span> </span> / 12 * <span> <span> <span> 0.0002713493 </span> </span> </span>
Years = <span><span><span> <span> 0.3010299957 </span> </span> / 0.0032561912 </span>
</span>Years = <span><span><span>92.4485010892
THAT seems a more likely answer with such a low interest rate.
</span> </span> </span>