So there is 65 yards and one yard is 3 feet so you multiple 65 by 3 which is 195 . Then you divide by 4 as you have to see how many four foot pieces can be cut which you end up with 48.75 which means that you can have 48 four foot pieces. So since you have 48 four foot pieces you multiply 48 by 4 and you have 192 and if you subtract 195 which is how many feet there is in the 65 yards you get three feet and that is how much of the rope that is left over.
1) Since this is a Continuously Compounded operation in a 10 yrs period, then we can write out the following equation:
2) Plugging into the equation the given data and since Otto is 20 yrs old and he plans to get $4,000 in ten years, we can write out:
3) Thus the rate Otto needs is
Note that since the 0.1386 the six here is greater than 5 then we can round up to the next thousandth, in this case: 0.139. For the 0.1386 is closer to 0.139 (0.004) than to 0.138 (0.006).
Or 13.9%
You have to divide the numerator (top number) by the denominator (bottom number). For example, 1/2 is 0.5
However, some end up as never-ending decimals, like 1/3, which converts to 0.333 repeating.
I think it is 3/4 correct me if I’m wrong
