In 1626, Peter Minuit convinced the Wappinger Indians to sell him
Manhattan Island for $24. If the
Native Americans had put the $24 into
a bank account paying 3% interest,
how much would the investment have
been worth in the year 2005 if interest
were compounded continuously?

yes. we do proportions in probabilities.

so, converting firstly the mixed fractions to improper fractions and then "adding".

a

step-by-step explanation:

5=812a+9+3

step 1: simplify both sides of the equation.

5=812a+9+3

5=(812a)+(9+3)(combine like terms)

5=812a+12

5=812a+12

step 2: flip the equation.

812a+12=5

step 3: subtract 12 from both sides.

812a+12−12=5−12

812a=−7

step 4: divide both sides by 812.

812a /812 = -7/812

a= -1/116

so the answer is

a=   -1/116