Answer:
<em>1500(1.02)^x + 600x</em> is how much he has in savings at the end of x years where it be in the bank or elsewhere
Step-by-step explanation:
x is in years
Let's just think about the investment of 1500 in an account earning 2% per year.
Before the years even start, you are at 1500 ( present value).
The next year (year 1), it would be 1500*.02+1500=(1500)(1.02).
The next year (year 2), it would be 1500(1.02)(.02)+1500(1.02)=1500(1.02)(1.02).
We keep multiplying factors of (1.02) each time.
So for year x, you would have saved 1500(1.02)^x.
Now we are saving 50 cash per month. Per year this would be 12(50) since there are 12 months in a year. 12(50)=600.
So the first year you would have 600.
The second year you would have 600(2) or 1200.
The third year you would have 600(3) or 1800.
Let's put this together:
1500(1.02)^x + 600x
Answer:
The mean is 24.205
Step-by-step explanation:
Firstly, we need to get the z-score
From the question, the probability we have is the probability that commuters take more than 22 minutes to commute one-way
So the probability we had was;
P( x > 22)
So we need the z-score corresponding to 63.70% or simply 0.637
We can use the standard normal distribution table to get this
Mathematically, from the standard normal distribution table this is -0.35
z-score = (x- mean)/SD
-0.35 = (22-mean)/6.3
22-mean = -2.205
mean = 22 + 2.205 = 24.205
Add
4
x
4
x
to both sides of the equation.
y
=
−
28
+
4
x
y
=
-
28
+
4
x
Rewrite in slope-intercept form.
Tap for more steps...
y
=
4
x
−
28
y
=
4
x
-
28
Use the slope-intercept form to find the slope and y-intercept.
Tap for more steps...
Slope:
4
4
y-intercept:
−
28
-
28
Any line can be graphed using two points. Select two
x
x
values, and plug them into the equation to find the corresponding
y
y
values.
Tap for more steps...
x
y
2
−
20
3
−
16
x y 2 -20 3 -16
Graph the line using the slope and the y-intercept, or the points.
Slope:
4
4
y-intercept:
−
28
-
28
x
y
2
−
20
3
−
16
x y 2 -20 3 -16
image of graph
y
−
4
x
=
−
2
8
y
-
4
x
=
-
2
8
28
x
28
x
28
x
2
28
x
2
28
x
3
28
x
3
Answer:
1.66666667 <-- repeatedly is your answer
Step-by-step explanation:
3) 21,070
5) 600
6) 265
I couldn't see #4
Hoped this helped!
