Can we combine a high quality of life with environmental sustainability?
1 answer:
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Answer:
- annually: 9.01 years
- monthly: 8.69 years
- daily: 8.67 years
- continuously: 8.66 years
Step-by-step explanation:
For interest compounded in discrete intervals, the formula is ...
A = P(1 +r/n)^(nt)
We want to find t for P=1 and A=2, so we have ...
2 = (1 +r/n)^(nt)
ln(2) = nt·ln(1+r/n)
t = ln(2)/(n·ln(1+r/n))
A table of values for r=0.08 is attached.
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For continuous compounding, the formula is ...
A = Pe^(rt)
t = ln(A/P)/r = ln(2)/0.08 ≈ 8.66434 . . . . years
__
- annually: 9.01 years
- monthly: 8.69 years
- daily: 8.67 years
- continuously: 8.66 years
Answer:
Step-by-step explanation:
we have
we know that
The function composition is equal to
(r ∘ s )(x) = r(s(x))
In the function r(x) substitute the variable x by the function s(x)
so
For x=3
substitute the value of x=3 in the function composition