Based on the interest rate and continuous compounding, the investment would double in value after 18.5 years.
We have given that,
investment to double at a 3 3/4% interest rate,
<h3>When will the investment double in value?</h3>
The future value using continuous compounding is:
= Amount x e ^ (rate x time)
Interest is
= 3.75%
<h3>What is the formula of an exponential function?</h3>
2 = e ^ (0.0375 x time)
In2 = 0.0375 x time
t = In2 / 0.0375
t= 18.5 years
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C. y coordinates equal the gas pack
Answer:
Step-by-step explanation:
Total = 50
Males = 20
Females = 30
a) P(exactly 1 female) = P(1 female , 2 male)
(30C1 * 20C2) / (50C3) = 30*190/19,600 = 0.2908
b) P(at least 2 males) = 1 - (P(0 males) + P(1 males))
= 1 - 30C3 * 20C0/50C3 - 30C2 * 20C1/50C3
= 1 - 4060*1/19,600 - 435*20/19,600 = 6840/19600 = 0.3489
Answer:
h= 24
Step-by-step explanation:
r= 7
1230.88=3.14×7^2×h/3
1230.88= 153.86h/3
h=1230.88/153.86
h= 24
Answer: 15840
Step-by-step explanation:
