Answer:
"Multiply the previous value by 2"
Step-by-step explanation:
Let's check the first 2 terms for all the answer choices.
1. Add to the previous value:
Doesn't match.
2. Subtract from the previous value:
Doesn't match.
3. Divide the previous value by 2:
Doesn't match.
4. Multiply the previous value by 2:
DOES WORK!
Also, doing the same thing with all the other values would give us matching answer. So this choice is right.
Answer:3
Step-by-step explanation:
<span>it depends how the interest is calculated, but there's not much of a difference
assuming its continuously compouned, you use this formula: A(t)=Pe^(rt), where A is the final amount, P is the initial investment, r is the interest, and t is the time in years
you want to find t such that A(t)=18,600 so 18,600=1000e^(.0675t)
you need to use logarithm to figure it out, take the natural log of both sides
the following properties will come into use:
ln(a*b)=ln(a)+ln(b)
ln(a^b)=bln(a)
ln(e)=1
taking the natural log
ln(18,600)=ln(1000e^(.0675t))
ln(18,600)=ln(1000)+ln(e^.0675t)
ln(18600)=ln(1000) + .0675t
now solve for t: t= (ln(18600)-ln(1000))/.0675
t=43.31</span>