Answer:
13.86
Step-by-step explanation:
formula for cont. compounding interest is
Amount = Principal * e^rt
in this case the principal is 5000, and the amount is 10000 (double). the rate is 5% or 0.05. and t is what we are solving for.
sub in to get:
10000 = 5000e^0.05t
2 = e^0.05t
now convert to log form.
ln 2 = 0.05t
ln 2 / 0.05 = t
punch that into your calculator and you get 13.86 years
Answer:
= 
Step-by-step explanation:
given 5y = 3x ( divide both sides by 3 )
y = x ( divide both sides by y )
= 
Answer:
And we can find this probability using the complement rule and the normal standard table or excel:
The firgure attached illustrate the problem
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution to the problem
Let X the random variable that represent the retirement savings of a population, and for this case we know the distribution for X is given by:
Where
and
We are interested on this probability
And the best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this:
And we can find this probability using the complement rule and the normal standard table or excel:
The firgure attached illustrate the problem
<span>the correct answer is x^2</span>+5x+3=<span>0</span>