I don't understand what you are trying to say
Over time, compound interest at any rate will outperform simple interest. When the rates are nearly equal to start with, compound interest will be greater in very short order. Here, it takes less than 1 year for compound interest to give a larger account balance.
In 30 years, the simple interest will be
... I = P·r·t = 12,000·0.07·30 = 25,200
In 30 years, the compound interest will be
... I = P·(e^(rt) -1) = 12,000·(e^(.068·30) -1) ≈ 80,287.31
_____
6.8% compounded continuously results in more total interest
<span>45% -------------------------------chance that the land has oil
then
55</span>%--------------------------------chance that the land not have oil
<span>80% -------------------accuracy rate of indicating oil in the soil. (if land does have oil)
20</span>% -------------------accuracy rate of indicating not oil in the soil. (if land does have oil)
20% ---------------------accuracy rate of indicating oil in the soil. (if land has not oil)
80% ---------------------accuracy rate of indicating not oil in the soil. (if land has not oil)
that the land has no oil----------------55%
the test shows that it has oil-------- 20%
then 0.55*0.20=0.11=11%
the probability that the land has no oil and the test shows that it has oil is 11%
Mine said it was a triangle
