Solve the problem.Assume the cost of a gallon of milk is $2.60. With continuous compounding, find the time it would take the cost to be 4 times as much (to the nearest tenth of a year), at an annual inflation rate of 6%.
A. 8.5 years
B. 23.1 years
C. 0.1 years
D. 0.0 years
Answer: B
Mathematics
You might also like to view...
Solve the problem.Find the points on the curve that are closest to the origin.
A. (343, ±)
B. (343, )
C. (7, ±7)
D. (7, 7)
Mathematics
Solve the equation.x - = -
A.
B.
C.
D.
Mathematics
Evaluate the given binomial coefficient.
A. 140 B. 70 C. 35 D. 1680
Mathematics
Use Newton’s method to approximate the zero of
f (x) - 6x +cosx - 4 between x = 0 and x = 1 using x0 = 0.5. Continue until two successive approximations differ by less than 0.0001 Select the correct answer. a. 0.55341 b. 0.52221 c. 0.48751 d. 0.45061
Mathematics