The price of the stock is below its starting price because the price will decrease before it increases
Answer:
Common Ratio = 2
Step-by-step explanation:
Emily started with 12 lb at start.
She will double each day
So,
2nd day she will take up weight = 12 * 2 = 24
3rd day she will take up weight = 24 * 2 = 48
and so on
This is a geometric sequence, which is a sequence where each term is found by multiplying the previous term by a constant which is known as the common ratio.
Here, we are multiplying by "2" to get the next term, so we an say the common ratio is "2".
<u>Answer: Common Ratio = 2</u>
Answer:
The number of years to double the lump sum in value is;
N = 72/10 = 7.20
N = 7.20 years
Step-by-step explanation:
Using the rule of 72 for the approximation:
The formula for rule of 72 is;
Number of years to double = 72/interest rate in percentage
Given;
Interest rate = 10%
The number of years to double the lump sum in value is;
N = 72/10 = 7.20
N = 7.20 years
