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kogti [31]
3 years ago
10

Compute the standard deviation of the data set. Round to the nearest hundredth, if needed.

Mathematics
1 answer:
NeTakaya3 years ago
5 0
The correct answer is D
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How long will it take $5500 to grow to $7400 at an interest rate of 5% it the interest is compounded continuouslyRound the numbe
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Answer:

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Step-by-step explanation:

The continuous compounding formula tells you the amount after t years will be ...

  A = Pe^(rt) . . . . principal P compounded continuously at annual rate r for t years

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  ln(7400/5500) = 0.05t . . . . divide by 5500, take natural logs

  t = 20×ln(74/55) ≈ 5.93

It will take about 5.93 years for $5500 to grow to $7400.

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