Suppose $2000 is invested at 9% interest compounded continuously. How long will it take for the investment to grow to $10,000? U
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Answer:
41
Step-by-step explanation:
Curtis is playing a trivia game.
Number of points earned for each correct answer = 2
Number of points lost for each correct answer = 0.25
Given that:
Number of correct answers given by Curtis = 21
Number of wrong answers given by Curtis = 4
To find:
Total score of the game by Curtis?
Solution:
First of all, let us find the points earned by correct answers.
Points earned by correct answers = Number of correct answers multiplied by Points earned on one correct answer.
Points earned by correct answers = 21 2 = 42
Now, let us find the points to be lost by wrong answers.
Points lost by wrong answers = Number of wrong answers multiplied by Points lost on one correct answer.
Points lost by wrong answers = 4 0.25 = 1
The score of the game can be calculated by subtracting the points lost from the points earned.
Score = 42 - 1 = <em>41</em>