Find the percentage of change when 77 is decreased to 70. If necessary, round your answer to the nearest tenth
1 answer:
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Answer:
The interest rate is 7.58%
Step-by-step explanation:
Compound continuous interest can be calculated using the formula:
A = P, where
- A is the future value of the investment, including interest
- P is the principal investment amount (the initial amount)
- r is the interest rate in decimal
- t is the time the money is invested for
∵ Angus has $3,000 he want to invest
∴ P = 3000
∵ The interest rate is compounded continuously
∵ Angus has $5,500 in 8 years
∴ A = 5500
∴ t = 8
→ Substitute them in the rule above to find r
∵ 5500 = 3000
→ Divide both sides by 3000
∴ =
→ Insert ㏑ in both sides
∵ ㏑( ) = ㏑(
)
→ Remember ㏑() = n
∴ ㏑( ) = 8r
→ Divide both sides by 8
∴ 0.07576697545 = r
→ Multiply it by 100% to change it to a percentage
∴ r = 0.07576697545 × 100%
∴ r = 7.576697545 %
→ Round it to the nearest hundredth
∴ r ≅ 7.58
∴ The interest rate is 7.58%
Answer:
99.87% of cans have less than 362 grams of lemonade mix
Step-by-step explanation:
Let the the random variable X denote the amounts of lemonade mix in cans of lemonade mix . The X is normally distributed with a mean of 350 and a standard deviation of 4. We are required to determine the percent of cans that have less than 362 grams of lemonade mix;
We first determine the probability that the amounts of lemonade mix in a can is less than 362 grams;
Pr(X<362)
We calculate the z-score by standardizing the random variable X;
Pr(X<362) =
This probability is equivalent to the area to the left of 3 in a standard normal curve. From the standard normal tables;
Pr(Z<3) = 0.9987
Therefore, 99.87% of cans have less than 362 grams of lemonade mix