This is an exponential decay problem.
Using the equation Y = a *(1-rate)^time
where Y is the future value given as 12,000 and a is the starting value given as 13,000.
The rate is also given as 5%.
The equation becomes:
12,000 = 13,000(1-0.05)^x
12,000 = 13,000(0.95)^x
Divide each side by 13000:
12000/13000 = 0.95^x/13000
12/13 = 0.95^x
Use the natural log function:
x = ln(12/13) / ln(0.95)
x = 1.56 years. ( this will equal 12,000
Round to 2 years it will be less than 12000.
Answer:
172% of 50 means 172÷100 multiplied by 50 will give you 86
Answer:
How many closets?
Step-by-step explanation:
Answer:
a) P (x is less than 11 minutes) = 0.55
P (x is more than 14 minutes) = 0.3
b) P (x is between 8 and 13 minutes) = 0.25
c) P(x < c) =0.8 is 0.05 x c = 0.8
Step-by-step explanation:
a) P (x is less than 11 minutes) = 11 x 0.05
= 0.55
P (x is more than 14 minutes) = 0.05 x (20 - 14)
= 0.05 x 6
= 0.3
b) P (x is between 8 and 13 minutes) = 0.05 x (13 -8)
= 0.05 x 5
= 0.25
c) P(x < c) =0.8
The area between 0 and c is 0.8
Hence,
0.05 x c = 0.8
Answer:
2
Step-by-step explanation:
10^2 - 8^2 = B^2
B = 2
