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deff fn [24]
3 years ago
5

How long does it take for a deposit of $900 to double at 2% compounded continuously?

Mathematics
1 answer:
nydimaria [60]3 years ago
4 0

9514 1404 393

Answer:

  • 34.6574 years
  • 34 years, 239.94 days

Step-by-step explanation:

For continuous compounding the "rule of 69" applies. That is the doubling time can be found from ...

  t = 69.3147/r . . . . where r is the interest rate in percent.

Here, r=2, so ...

  t = 69.3147/2 = 34.6574 . . . years

That's 34 years and 240 days.

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Alisiya [41]
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4 0
4 years ago
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The quotient of two numbers is negative. It must be true that? A. Neither number is negative. B. One of the numbers is negative
denpristay [2]

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6 0
3 years ago
Write 0.32 as a fraction
andrey2020 [161]

Answer:

32/100 or 8/25

Step-by-step explanation:

0.32 is in the hundredths place so it’s the same as 32/100

this can be simplified to 8/25 if you divide the top and bottom by 4

8 0
3 years ago
A car costs 29,000.00 what is 5% increase?
Elena L [17]
New value =

29,000 + Percentage increase =

29,000 + (- 5% × 29,000) =

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(1 - 5%) × 29,000 =

(100% - 5%) × 29,000 =

95% × 29,000 =

95 ÷ 100 × 29,000 =

95 × 29,000 ÷ 100 =

2,755,000 ÷ 100 =

27,550
6 0
4 years ago
A box of candy bars cost $3.12. Each candy bar in the box cost $0.52. How many candy bars are in the box
tatiyna
3.12/.52=6
6 candy bars in a box

Hope I got it right for your sake.
3 0
3 years ago
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