Mathematics, 30.10.2020 09:00 gabegabemm1
Alan says that a growth rate of 12% per year is equivalent to a growth rate of 1% per month because there are 12 months in a year and 12%÷12=1%. Explain why Alan is mistaken, and approximate the correct monthly growth rate that is equivalent to an annual growth rate of 12%. Round to two decimal places. Show your work, please. Thank you!
Answers: 2
Mathematics, 21.06.2019 18:10
An initial investment of $100 is now valued at $150. the annual interest rate is 5%, compounded continuously. the equation 100e0.05t = 150 represents the situation, where t is the number of years the money has been invested. about how long has the money been invested? use your calculator and round to the nearest whole number. years
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Mathematics, 21.06.2019 21:00
Isabel graphed the following system of equations. 2x – y = 6 y = -3x + 4 she came up with the solution (2,-2). what were the 3 steps she did to get that solution? (make sure they are in the correct order)
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Alan says that a growth rate of 12% per year is equivalent to a growth rate of 1% per month because...
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