1) Since this is a Continuously Compounded operation in a 10 yrs period, then we can write out the following equation:
2) Plugging into the equation the given data and since Otto is 20 yrs old and he plans to get $4,000 in ten years, we can write out:
3) Thus the rate Otto needs is
Note that since the 0.1386 the six here is greater than 5 then we can round up to the next thousandth, in this case: 0.139. For the 0.1386 is closer to 0.139 (0.004) than to 0.138 (0.006).
Or 13.9%
Answer:
Original price reduced by 30%
Step-by-step explanation:
You want the deepest discount, which means you want the greatest percent/amount off. The first choice is 20%. The second is 30%. The third one is 25%, because you are paying for 75% (100-75). The second choice offers the deepest discount because it is 30% off.
Answer:
A
Step-by-step explanation:
He borrowed money so he has -5 dollars and but he payed 2 back, so now he needs to pay $3
One for 5.8 and one for 1.2
Hope this helps
Answer:
y = -1/4x - 2
Step-by-step explanation:
y = -1/4x - 2
