If x=1
1/3x = 1/3
3x = 3
If x=2
1/3x=2/3
3x=6
If x=3
1/3x=1
3x=9
If x=4
1/3x=1 1/3
3x+12
Answer:
Step-by-step explanation:
Value
Succes:
Profit = 150000
Investment = 35000
Total income = 150000 + 35000 = 185000
Expected income: 0.27 * 185000 = 49950
Net expected value = expected income - investment = 49950 - 35000 = 14950
.
Given:
$600 principal
8% rate = 8/100 = 0.08
3 years time
Solving for A:
A = P⋅e^rt
where:
A is the amount
P is the principal
e is the mathematical constant
r is the rate of interest
t is the time in years
A = P⋅e^rt
= 600⋅e^(0.08⋅3)
= 600(2.718281828459045)^(0.24)
A = $762.70
$600 compounded continuously at a rate of 8% for 3 years will yield a final amount of $762.70