Answer:
one direction ♥
Step-by-step explanation:
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Answer:
The doubling time of this investment would be 9.9 years.
Step-by-step explanation:
The appropriate equation for this compound interest is
A = Pe^(rt), where P is the principal, r is the interest rate as a decimal fraction, and t is the elapsed time in years.
If P doubles, then A = 2P
Thus, 2P = Pe^(0.07t)
Dividing both sides by P results in 2 = e^(0.07t)
Take the natural log of both sides: ln 2 = 0.07t.
Then t = elapsed time = ln 2
--------- = 0.69315/0.07 = 9.9
0.07
The doubling time of this investment would be 9.9 years.
To find the mean, add the numbers, and divide by the amount of numbers there is.
(82 + 105 + 247 + 119 + 94 + 202)/6
Simplify. Remember to follow PEMDAS. First, add
(849)/6
Next, divide by 6
849/6 = 141.5
141.5 should be your answer
hope this helps