Suppose the Russian ruble is falling in value against the dollar at 12% per year. Using the exact half-life formula, determine how long it takes the ruble to lose half of its value. {Hint: P = 12% and r = -0.12/year} 5.24 years 5.42 years 0.301 years 1.18 years
Suppose the Russian ruble is falling in value against the dollar at 12% per year. Using the exact half-life formula, determine how long it takes the ruble to lose half of its value. {Hint: P = 12% and r = -0.12/year} 5.24 years 5.42 years 0.301 years 1.18 years
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Suppose the Russian ruble is falling in value against the dollar at 12% per year. Using the exact half-life formula, determine how long it takes the ruble to lose half of its value. {Hint: P = 12% and r = -0.12/year}
5.24 years
5.42 years
0.301 years
1.18 years
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