312 people bought balcony seats and 396 people bought ground seats.
Continuous compounding is the mathematical limit that compound interest can reach.
It is the limit of the function A(1 + 1/n) ^ n as n approaches infinity. IN theory interest is added to the initial amount A every infinitesimally small instant.
The limit of (1 + 1/n)^n is the number e ( = 2.718281828 to 9 dec places).
Say we invest $1000 at daily compounding at yearly interest of 2 %. After 1 year the $1000 will increase to:-
1000 ( 1 + 0.02/365)^365 = $1020.20
with continuous compounding this will be
1000 * e^1 = $2718.28
There is a 50% chance.
Explanation:
There is always a 50-50 chance that the coin will land on either heads or tails.
Answer:
7/3
Step-by-step explanation
4y+8=29-5y
First you are going to subtract 8 from both sides of the equation.
4y=21-5y
Next you are going to add 5y to each side of the equation.
9y=21
Now write it as a fraction,
9/21
Last but not least simplify.
3/7
Answer:
I think the answer is 9 3/4, 9.5, 9 3/8, 9.125
