Ben franklin's gift of $2,000 to new York city grew to $6,000,000 in 200 years? at...

Ben franklin's gift of $2,000 to new York city grew to $6,000,000 in 200 years? at what rate compound annually would this growth occur?

the interest rate would be?

(round to the nearest hundredth)

Solutions

Expert Solution

milcah answered 1 year ago

Next > < Previous

Related Solutions

A regional airline sells 200 tickets to New York City for an average price of $...

A regional airline sells 200 tickets to New York City for an average price of $ 150 one way. Half of the people on the flight will purchase a meal for $5. The airline’s employee costs per flight include $500 each for the pilot and copilot, and $200 for each flight attendant. The law requires airlines to have at least one pilot, copilot, and flight attendant for each flight. Fuel for the flight is expected to cost $8,000, and the...

A regional airline sells 200 tickets to New York City for an average price of $...

A regional airline sells 200 tickets to New York City for an average price of $ 200 one way. Half of the people on the flight will purchase a meal for $6. The airline’s employee costs per flight include $500 each for the pilot and copilot, and $200 for each flight attendant. The law requires airlines to have at least one pilot, copilot, and flight attendant for each flight. Fuel for the flight is expected to cost $8000, and the...

How is the New York City Budget determined?

New York City is the most expensive city in the United States for lodging.

New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $55.what is the probability that a hotel room costs $225 or more per night?what is the probability that a hotel room costs less than $140 per night?What is the probability that a hotel room costs between $200 and $300 per...

New York City is the most expensive city in the United States for lodging.

New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $205 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $55. Use Table 1 in Appendix B. a. What is the probability that a hotel room costs $225 or more per night (to 4 decimals)? b. What is the probability that a hotel room costs less than $143 per night...

Is a sprawling city (like Atlanta and Tampa) or a compact city (like New York and...

Is a sprawling city (like Atlanta and Tampa) or a compact city (like New York and Boston) better in terms of healthy lifestyle and environmental impacts? Explain why. (150-200 words)

New York City is the most expensive city in the United States for lodging. The mean...

New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $55. a. What is the probability that a hotel room costs $225 or more per night (to 4 decimals)? b. What is the probability that a hotel room costs less than $140 per night (to 4 decimals)? c. What is...

New York City is the most expensive city in the United States for lodging. The mean...

New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night. Assume that room rates are normally distributed with a standard deviation of $55. a. What is the probability that a hotel room costs $225 or more per night? b. What is the probability that a hotel room costs less than $140 per night? c. What is the probability that a hotel room costs between $200 and $300...

New York City is the most expensive city in the United States for lodging. The mean...

New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $205 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $55. Use Table 1 in Appendix B. a. What is the probability that a hotel room costs $227 or more per night (to 4 decimals)? b. What is the probability that a hotel room costs less than $143 per night...

Subjects