3 years ago

What single percentage change is equivalent to a 11% decrease followed by a 13% decrease?

Mathematics

1 answer:

Sunny_sXe [5.5K]3 years ago

5 0

Answer: its 22.57%

Step-by-step explanation:

I got it wrong on hegarty so I could show you the answer since your an army lol

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3 years ago

You are playing a game where you flip 3 coins, if you get all tails you lose $15, for each heads you get $3. What is your expect

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Answer:

expected profit=$-3

Step-by-step explanation:

1 tail=-5

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2 years ago

What initial investment must be made to accumulate $60000 in 17 years if the money is invested in a mutual fund that pays 12% an

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$7881.18

Step-by-step explanation:

Let the initial Investment be $P_{0}$ . The Interest is compounded on a monthly basis at 12% annual interest rate. After 17 years, the Investment amounts to $60,000.

As the annual interest rate is 12%, the monthly interest rate is 1%.

Since this is a compound interest problem, the total amount can be modeled as follows: $P(t)=P_{0}(1+\frac{i}{100})^{t}$

Here $i$ is the interest rate, i.e $1$ , and t is the number of time periods, i.e $17\textrm{ years x }12\frac{\textrm{months}}{\textrm{year}}$ = $204\textrm{ months}$