Let the original amount be A. Double that would be 2A.
Then, 2A = Ae^(r*5), or 2 = e^(5r).
Taking the natural log of both sides: ln 2 = 5r. Then r = (ln 2)/5 = 0.14
The interest rate would have to be 13.86% per year, written here as r=0.14.
<h3>
Answer: 1227.50 dollars</h3>
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Explanation:
The simple interest formula to use is
A = P*(1+r*t)
where,
A = account value after t years (original deposit + interest)
P = 1000 = amount deposited (principal)
r = 0.0325 = annual interest rate in decimal form
t = 7 = number of years
So,
A = P*(1+r*t)
A = 1000*(1+0.0325*7)
A = 1227.50
Side note: you've earned A-P = 1227.50-1000 = 277.50 dollars in total interest
7-12 is like a negative number so it will be -5. And 13-18 would be -5 also.
A medical researcher need to select 6 people out of 13 people who have volunteered for the test in
To find, how many ways can 6 people be selected.
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