Answer:
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Explanation:
Simulate (build a table) the growing of the number of pennies for some nights to figure out the pattern:
First night: 1 penny = 2⁰
Second night: 1 × 2 pennies = 2¹
Third night: 2 × 2 = 2²
Fourth nigth: 2² × 2 = 2³
nth night: 2ⁿ⁻¹
You want 2ⁿ⁻¹ ≥ 2,000,000,000
Which you solve in this way:
- n-1 log (2) ≥ log (2,000,000,000)
- n - 1 ≥ log (2,000,000,000) / log (2)
Since n is number of days, it is an integer number, so n ≥ 32.
Hence, she will have a total of more than $ 2 billion after 32 days.
You can prove that by calculating 2³² = 2,147,483,648.
Answer:
Annuity= 242.4
Step-by-step explanation:
This is a compound interest problem.
The total amount at the end of 25 years will be
A = p(1+r/n)^(nt)
A = 150(1+(0.04/(25*12)))^ ((25*12)(25))
A= 150(1 + 0.04/300)^ (300*12)
A = 150(1+ 0.0001333)^ 3600
A = 150(1.0001333)^ 3600
A = 1500(1.615828808)
A= 242.374
A= 242.4 to the nearest cent
8.517 as a Fraction:8 and 500/1000 ( This is a mixed number)
8.517 as a Percentage: 815.7%
<span>The geometric average return is the the nth root of the product of the stock returns.
So we have nâš r1 * r2 * r3. Where n is the number of returns.
So we have 4âš(14.5 * 4.8 * 10.2 * 6 1)
This gives us 4âš ( 4330.512)
The fourth root of 4330.512 is 8.1121 percent.</span>
The answer is “A” hope I helped