Cody has $700 in a savings account that pays 4% simple interest. How much will he have in 1 year?
1 answer:
Answer:
$ 728
Step-by-step explanation:
Amount of Money Cody has = $700
Simple Interest = 4%
As it is know that interest is always given on annually basis so
Amount of profit he have in one year = Money he have right now * interest
=700 * 4%
=
= $ 28
After one year he will have = total money at that time + Profit
= 700 + 28
= $ 728
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Answer:
At least 202.44 mm in the top 15%.
Step-by-step explanation:
When the distribution is normal, we use the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this question, we have that:
How many yearly mm of rainfall would there be in the top 15%?
At least X mm.
X is the 100-15 = 85th percentile, which is X when Z has a pvalue of 0.85. So X when Z = 1.037.
At least 202.44 mm in the top 15%.