Answer:
What are you trying to do you have not Explained to us
Step-by-step explanation:
The answer is B.
(the equation to solve this with is: a^2 + b^2 = c^2)
The first step to determining the answer to this item is to calculate for the effective interest using the equation,
ieff = (1 + i/m)^m - 1
where ieff is the effective interest, i is the given interest and m is the number of compounding period.
Part A: m in this item is equal to 12.
Substituting,
ieff = (1 + 0.10/12)^12 - 1 = 0.1047
The amount of money after n years is calculated through the equation,
An = A(1 + ieff)^n
If An/A = 2 then,
2 = (1 + 0.1047)^n
The value of n is 6.96 years
Part B: For the continuously compounding,
An = Ae^(rt)
An/A = 2 = e^(0.10t)
The value of t is equal to 6.93 years.
Hence, the answers:
<em>Part A: 6.96 years</em>
<em>Part B: 6.93 years</em>
Middle number between .5 (1/2) and .75(3/4) is 0.625 = 5/8= 62.5 percent
Answer:
f(1/2) = 1
Step-by-step explanation:
