Raymond B. answered 01/21/23
Math, microeconomics or criminal justice
2=e^ai
ai=ln2
a=ln2/i
3=ebi
b= ln3/i
c=ln5/i
3a+b= (3ln2+ln3)/i= ln24/i
(3a+b)/2 = ln24/2i
ln5>ln24/2, 1.6>1.58
ln5/i>ln24/2i
c> (a+b)/2
Duncan M.
asked 11/10/18At an effective annual compound interest of i>0, it is found that an investment doubles in a years, triples in b years and 1 grows to 5 in c years.
Raymond B. answered 01/21/23
Math, microeconomics or criminal justice
2=e^ai
ai=ln2
a=ln2/i
3=ebi
b= ln3/i
c=ln5/i
3a+b= (3ln2+ln3)/i= ln24/i
(3a+b)/2 = ln24/2i
ln5>ln24/2, 1.6>1.58
ln5/i>ln24/2i
c> (a+b)/2
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