Determine how many years will it take to triple
Determine how many years will it take to triple your investment of 383 $'s, if you can obtain 5.86%/year interest the compounded continuously?
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John Wilson, owner of a fast-food restaurant, calculated that he can sell 1,000 additional hamburgers per day by renting the more automated equipment at a cost of $100 per day.
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Jim Jackson is looking at possibility of the investing in a fund with a semiannual interest rate of the 2.29%. If Jim deposits $8,399 now, discuss how much will it be worth in 8 years?
Supposing that it was enciphered with the generalized Caesar cipher with multiplier r=3 and shift constant s=2, decipher the message C=5.(A thru Z uses numbers 0 thru 25 in sequential order eg;o=A,1=B,2=C, and so on)
United States Bank says it pays 8.6% compounded daily. The Key Bank says it pays the same % compounded continuously. If you deposit 67,390 in the Key Bank for one year discuss how much additional interest will you receive?
Calculate the nominal interest rate per year if continuous compounding is being used. The effective annual interest rate is given to be 17.7%.
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