Answer:
The doubling time of this investment would be 9.9 years.
Step-by-step explanation:
The appropriate equation for this compound interest is
A = Pe^(rt), where P is the principal, r is the interest rate as a decimal fraction, and t is the elapsed time in years.
If P doubles, then A = 2P
Thus, 2P = Pe^(0.07t)
Dividing both sides by P results in 2 = e^(0.07t)
Take the natural log of both sides: ln 2 = 0.07t.
Then t = elapsed time = ln 2
--------- = 0.69315/0.07 = 9.9
0.07
The doubling time of this investment would be 9.9 years.
Answer:
are you just typing
Step-by-step explanation:
Answer:
Solution Let E1 be the event that coin 1 is selected and E2 the event that coin 2 is selected. Let F be the event that exactly 7 of the 10 flips lands on heads, let G be the event that the fist flip is heads.
Answer:
1
Step-by-step explanation:
y2-y1/(x2-x1)
-5--13/1--7
8/8
Slope is 1
