608
607.5
.5 rounds up to 1
607+1=608
Answer:
No.
Step-by-step explanation:
This type of problem is actually a trick problem. The question indicates that the PRODUCT of 3.93 and 0.07 would be about 4. The question is referring to the answer of the two values Multiplied to each other.
To visualize the question, we have:
3.93 x 0.07
This would give us:
0.2751
Kerri would be correct if she was looking for the SUM of the two values.
This would be:
3.93 + 0.07
This would give us:
4
Therefore in trick problems like this ones, it is better to look at what exactly is being asked.
v = 1/3Bh
Divide both sides by h.
v/h = 1/3B
Multiply both sides by 3.
3v/h = B
Continuous compounding is the mathematical limit that compound interest can reach.
It is the limit of the function A(1 + 1/n) ^ n as n approaches infinity. IN theory interest is added to the initial amount A every infinitesimally small instant.
The limit of (1 + 1/n)^n is the number e ( = 2.718281828 to 9 dec places).
Say we invest $1000 at daily compounding at yearly interest of 2 %. After 1 year the $1000 will increase to:-
1000 ( 1 + 0.02/365)^365 = $1020.20
with continuous compounding this will be
1000 * e^1 = $2718.28
Answer:
46.6
Step-by-step explanation: