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barxatty [35]
2 years ago
6

Raylan opened a savings account with $100. After 5 years there is $122. 50 in the account. What is his simple interest rate?

Mathematics
1 answer:
serious [3.7K]2 years ago
5 0
<h3>Answer:</h3>

4.5% annually

<h3>Step-by-step explanation:</h3>

Simple interest is the amount of interest added to a singular sum of money at a fixed rate.

Formula

The formula for simple interest is A = P(1+rt). In this formula, A is the total amount of money in the account, P is the original amount deposited, r is the rate of interest as a decimal, and t is the time in years.

Calculations

To find the rate, plug the information we know into the formula above

  • 122.50 = 100(1+r*5)

Divide both sides by 100

  • 1.225 = 1 + r*5

Subtract 1 from both sides

  • 0.225 = r*5

Divide both sides by 5

  • 0.045 = r

This gives us the rate as a decimal. So, to find the rate as a percent. Do this by moving the decimal 2 places to the right (or just multiply by 100, they do the same thing). This means that the rate of simple interest is 4.5%.

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Yuri [45]

Answer:

a. E(x) = 3.730

b. c = 3.8475

c. 0.4308

Step-by-step explanation:

a.

Given

0 x < 3

F(x) = (x-3)/1.13, 3 < x < 4.13

1 x > 4.13

Calculating E(x)

First, we'll calculate the pdf, f(x).

f(x) is the derivative of F(x)

So, if F(x) = (x-3)/1.13

f(x) = F'(x) = 1/1.13, 3 < x < 4.13

E(x) is the integral of xf(x)

xf(x) = x * 1/1.3 = x/1.3

Integrating x/1.3

E(x) = x²/(2*1.13)

E(x) = x²/2.26 , 3 < x < 4.13

E(x) = (4.13²-3²)/2.16

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E(x) = 3.730 (approximated)

b.

What is the value c such that P(X < c) = 0.75

First, we'll solve F(c)

F(c) = P(x<c)

F(c) = (c-3)/1.13= 0.75

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c - 3 = 0.8475

c = 3 + 0.8475

c = 3.8475

c.

What is the probability that X falls within 0.28 minutes of its mean?

Here we'll solve for

P(3.73 - 0.28 < X < 3.73 + 0.28)

= F(3.73 + 0.28) - F(3.73 + 0.28)

= 2*0.28/1.3 = 0.430769

= 0.4308 -- Approximated

5 0
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\dfrac{16}{40} = \dfrac{2}{5}

So yes, the ratio of the number of students on the team to the number of students trying out the same for both boys and girls

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<em>To visualize this, take a look at the image I have made below.</em>

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