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%
When simplified all of them equal 3/1. They are asking you to just chose 4 of them. Hope that helps!
Answer:
75
Step-by-step explanation:
f(1) = 7
f(n) = 3f(n-1) + 3
So what you are trying to do here is find the recursive value (that's what it is called) for f(n). Computers love this sort of thing, but we humans have to do it slowly and carefully.
So let's try f(2)
That means that f(2) = 3*f(n-1) + 3
but if f(2) is used it means that you have to know f(2-1) which is just f(1) and we know that.
so f(2) = 3*f(1)+3
f(2) = 3*7 + 3
f(2) = 21 + 3
f(2) = 24
Now do it again. We now know F(2), so we should be able to find f(3)
f(3) = 3*f(3 - 1) + 3
f(3) = 3*f(2) + 3 We know that f(2) = 24
f(3) = 3* 24 + 3
f(3) = 72 + 3
f(3) = 75
(x+6)(x-6) would be the factored form
While you cannot solve 946x+642y=911 for numerical values of x and y, you can indeed solve 946x+642y=911 first for x and then for y:
-911 - 642y
For x: 946x+642y=911 becomes 946x = 911 - 642y, or x = ------------------
946
911-946x
For y: 946x+642y=911 becomes 642y = 911-946x, or y = ---------------
642
