How much time is this?
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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 21:30
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Mathematics, 21.06.2019 21:40
The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends more than a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?
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