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FromTheMoon [43]
3 years ago
15

How long does it take for an investment to double in value if it is invested 8% per annum compounded monthly? Compounded continu

ously? It's number 29.

Mathematics
1 answer:
Fynjy0 [20]3 years ago
8 0
2p=p(1+0.08/12)^12t
T=[log(2)/log(1+0.08/12)]/12
T==8.7 years
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Beginning in 2000, an orchestra increased its ticket price by a constant amount each year until 2010.
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Answer:

$35.50

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The sale bin in a clothing store contains an assortment of t-shirts in different sizes. There are 7 small, 8 medium, and 4 large
umka21 [38]

Answer:

P(at least 1 large) = 0.648

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We have 7 small shirts, 8 medium shirts and 4 large shirts

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P(at least 1 large) = 1 - P(no large)

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For the first check, there are 15 small and medium shirts and total 19 shirts so,

15/19

For the second check, there are 14 small and medium shirts and total 18 shirts left so,

14/18

For the third check, there are 13 small and medium shirts and total 17 shirts left so,

13/17

For the forth check, there are 12 small and medium shirts and total 16 shirts left so,

12/16

the probability of not finding the large shirt is,

P(no large) = 15/19*14/18*13/17*12/16

P(no large) = 0.352

Therefore, the probability of finding at least one large shirt is,

P(at least 1 large) = 1 - P(no large)

P(at least 1 large) = 1 - 0.352

P(at least 1 large) = 0.648

P(at least 1 large) = 64.8%

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