Brainliest if correct
2 answers:
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9514 1404 393
Answer:
- annually: 9.01 years
- monthly: 8.69 years
- daily: 8.67 years
- continuously: 8.66 years
Step-by-step explanation:
For interest compounded in discrete intervals, the formula is ...
A = P(1 +r/n)^(nt)
We want to find t for P=1 and A=2, so we have ...
2 = (1 +r/n)^(nt)
ln(2) = nt·ln(1+r/n)
t = ln(2)/(n·ln(1+r/n))
A table of values for r=0.08 is attached.
__
For continuous compounding, the formula is ...
A = Pe^(rt)
t = ln(A/P)/r = ln(2)/0.08 ≈ 8.66434 . . . . years
__
- annually: 9.01 years
- monthly: 8.69 years
- daily: 8.67 years
- continuously: 8.66 years
As we could "drag" these together, we could then do it the easy way.
56
+56
+56
-------
168
------------------------
Or we could also do the following:
56
3:
63= 18.
Carry the one.
53 = 15+1 (which was carried). = 16
(16+8) = 168
56
+56
+56
-------
168
------------------------
Or we could also do the following:
56
6
Carry the one.
5
(16+8) = 168