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cjjohnson1221
15.03.2020 •
Mathematics
How long will it take a sum of money to triple if it is invested at
10
%
compounded daily? Round to the nearest hundredth of a year.
Solved
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Ответ:
11.64 years
Step-by-step explanation:
A = P(1+r/n)^nt
r = interest rate in decimals
t = time in years
n = number of times compounded per year
A = future amount
P = initial amount
We are given that our money will triple so we can let A = 3x if we let P = x
r = 0.1
n = 1
then we can write
3x = x(1+(0.1/1))^1t
3x = x (1.1)^t
3 = 1.1^t (divide both sides by x)
take log of each side
log 3 = log 1.1^t
log 3 = t*log(1.1)
t = log 3 / log(1.1)
t = 11.64 years
Ответ:
Option B) 3.04
Step-by-step explanation:
We are given the following in the question:
Number of people interviewed,n = 163
Number of people hire, x = 121
Proportion of people hire =
Mean, μ = 3.3
Standard Deviation, σ = 0.4
We are given that the distribution of GPA for the successful interviewees is a bell shaped distribution that is a normal distribution.
Formula:
We have to find the value of x such that the probability is 0.742
Calculation the value from standard normal z table, we have,
Thus, cut-off GPA should be 3.04.
Option B) 3.04