Answer:
19.8%
Step-by-step explanation:
We have the following formula for continuous compound interest:
A = P * e ^ (i * t)
Where:
A is the final value
P is the initial investment
i is the interest rate in decimal
t is time.
The time can be calculated as follows:
25 - 18 = 7
That is, the time corresponds to 7 years. In addition, A is 20,000 for A and P would be 5,000, we replace:
20000 = 5000 * e ^ (7 * i)
20000/5000 = e ^ (7 * i)
e ^ (7 * i) = 4
ln e ^ (7 * i) = ln 4
7 * i = ln 4
i = (ln 4) / 7
i = 0.198
Which means that the rounded percentage will be 19.8% per year
<h2>
Answer:</h2>
<em><u>Recursive equation for the pattern followed is given by,</u></em>

<h2>
Step-by-step explanation:</h2>
In the question,
The number of interaction for 1 child = 0
Number of interactions for 2 children = 1
Number of interactions for 3 children = 5
Number of interaction for 4 children = 14
So,
We need to find out the pattern for the recursive equation for the given conditions.
So,
We see that,

Therefore, on checking, we observe that,

On checking the equation at the given values of 'n' of, 1, 2, 3 and 4.
<u>At, </u>
<u>n = 1</u>

which is true.
<u>At, </u>
<u>n = 2</u>

Which is also true.
<u>At, </u>
<u>n = 3</u>

Which is true.
<u>At, </u>
<u>n = 4</u>

This is also true at the given value of 'n'.
<em><u>Therefore, the recursive equation for the pattern followed is given by,</u></em>

Answer: do the a dozen for $13.50
Step-by-step explanation: It will help save money