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Paladinen [302]
3 years ago
13

How long would it take for your investment to double if it is compounded continuously at 8.5% interest rate?​

Mathematics
1 answer:
mario62 [17]3 years ago
3 0

Answer:

t = 8.155 years

Step-by-step explanation:

P = 1,000

A = 2,000

r = R/100

r = 8.5/100

r = 0.085 per year,

Then, solve the equation for t

t = ln(A/P) / r

t = ln(2,000.00/1,000.00) / 0.085

t = 8.155 years

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On three 150-point geography tests, you earned grades of 88%, 94%, and 90%. The final test is worth 250 points. What percent do y
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You must earn 243 points to have earned 93% of all possible points.

We first multiply each percentage on the previous tests by 150:

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In a poll conducted before a Massachusetts city's mayoral election, 134 of 420 randomly chosen likely voters indicated that they
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<h3>What is a confidence interval?</h3>

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134 of 420 randomly chosen likely voters indicated that they planned to vote for the Democratic candidate, hence:

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The interval estimate is (0.274, 0.364), and it means that we are x% sure(considering the confidence level) that the proportion of all voters in the city that plan to vote for the Democratic candidate is between these two values.

More can be learned about confidence interval concepts at brainly.com/question/25890103

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