5. Tickets to a junior high school play
1 answer:
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Answer:
The principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Step-by-step explanation:
Given
- Accrued Amount A = $1000000
- Interest rate r = 6% = 0.06
- Time period t = 45 years
- Compounded monthly n = 12
To determine:
- Principle amount P = ?
Using the formula
substituting A = 1000000, r = 0.06, t = 45, and n = 12
$
Therefore, the principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Given that half of the personal music players sold by a particular brand have a flaw. If the player has the flaw, it dies in the first six months. If it does not have this flaw, then only 20% fail in the first six months.
Let A be the event that it fails in I 6 months
B1 = it has a flaw
B2 = it does not have a flaw
B1 and B2 are mutually exclusive and exhaustive
the chances that it has this flaw
=The probability that it has the flaw is
Let A be the event that it fails in I 6 months
B1 = it has a flaw
B2 = it does not have a flaw
B1 and B2 are mutually exclusive and exhaustive
the chances that it has this flaw
=The probability that it has the flaw is