Tami earned $20.64 in simple interest by investing a principal of $400 in a Treasury bill.

Mathematics

1 answer:

STatiana [176]1 year ago

6 0

The number of years she had her investment is after 3 years

<h3>How to determine the years of investment?</h3>

From the question, the given parameters are:

Principal Amount, P = $400
Interest Rate, r = 1.72%
Simple Interest, I = $20.64

The number of years (T) is calculated from the following simple interest formula

I = PRT

Substitute the given parameters in the above equation

20.64 = 400 * 1.72% * t

Express 1.72% as decimal without percentage

20.64 = 400 * 0.0172 * t

Evaluate the product

20.64 = 6.88 * t

Divide both sides by 6.88

20.64/6.88 = 6.88/6.88 * t

Evaluate the quotient

3 = t

Rewrite the equation as

t = 3

This means that she had her investment after 3 years

Hence, the number of years she had her investment is after 3 years

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Two factories I and II produce phones for brand ABC. Factory I produces 60% of all ABC phones, and factory II produces 40%. 10%

denpristay [2]

Answer:

0.3721 or 37.21%

Step-by-step explanation:

P(I) = 0.60; P(II) = 0.40;

P(not defective I) = 0.90; P(not defective II) = 0.80

The probability that the phone came from factory II, given that is not defective, is determined by the probability of a phone from factory II not being defective divided by the probability of a phone not being defective.

$P(II|not) = \frac{P(II)*P(not_{II})}{P(II)*P(not_{II})+P(I)*P(not_{I})}\\P(II|not) = \frac{0.40*0.80}{0.40*0.80+0.60*0.90}\\ P(II|not) =0.3721 = 37.21\%$