Answer:
See attached image
Step-by-step explanation:
This equation for a parabola is given in vertex form, so it is very simple to extract the coordinates of its vertex, by using the opposite of the number that accompanies the variable "x" in the squared expression (opposite of 2) for the vertex's x-value, and the value of the constant (-6) for the vertex's y-value.
The vertex coordinates are therefore: (-2,-6)
The equation of the axis of symmetry of the parabola is a vertical line passing through the vertex. Since all vertical lines have the shape x = constant in our case, in order to pass through (-2,-6) the vertical line is defined by the equation: x = -2.
See image attached to find the vertex drawn as a red point, and the axis of symmetry as an orange vertical line passing through it.
If those percentiles are the changes of the two contracts occurring, it would be <span>0.31 *0.64 = </span>0,1984
The answer should and must be Done
To solve this problem you must apply the proccedure shown below:
1. You must apply the following formula:

Where
is the future value,
is the present value,
is the interest rate and
is the time in years.
2. You have that the bank will double your money in
years. Therefore:

3. Substitute values into the formula and solve for
, as following:

4. By applying natural logarithm, you have:

%
The answer is:
%